Question

Describes Nokia business. What business to business company Nokia operates with?

Answer 1

• Nokia corporation is a finnish multinational telecommunications, information technology and consumer electronics company founded in 1865.
• Founders are Fredik Idestam, Leo Mechelin, Eduard polon.
• Its headquarters are located in Espoo in greater Helsinki metropolitan area.
• Nokia is a public limited company listed on Helsinki stock exchange and Newyork stock exchange.
• Nokia digitized multiple products and services in their role as one of the most popular mobile phone and smart phone in early 2000s.
• The company has operated in various industries over the past 150 years. It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s has focused on large-scale telecommunications infrastructures, technology development, and licensing.
• Nokia is a major contributor to the mobile telephony industry, having assisted in the development of the GSM, 3G and LTE standards (and currently in 5G), and was once the largest worldwide vendor of mobile phones and smartphones.
• After a partnership with Microsoft and subsequent market struggles, its mobile phone business was bought by Microsoft,creating Microsoft Mobile as its successor in 2014.After the sale, Nokia began to focus more extensively on its telecommunications infrastructure business and on Internet of things technologies, marked by the divestiture of its Here mapping division and the acquisition of Alcatel-Lucent, including its Bell Labs research organization
• The company also experimented with virtual reality and digital health, the latter through the purchase of Withings.The Nokia brand has since returned to the mobile and smartphone market through a licensing arrangement with HMD Global.Nokia continues to be a major patent licensor for most large mobile phone vendors.
• The company was viewed with national pride by Finns, as its mobile phone business made it by far the largest worldwide company and brand from Finland.At its peak in 2000, during the telecoms bubble, Nokia alone accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital.