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Nokia Networks Inc history
Nokia Networks Inc company history timeline
The company began selling digital cellular phones in 1993.
1993 The first Nokia digital cellular phone hits the market.
Unfortunately the Finnish recession has weakened the company, which resulted in selling off the cable production division in 1996.
Aiding this surge was the November 1997 introduction of the 6100 series of digital phones.
Including the 6100 and other models, Nokia sold nearly 41 million cellular phones in 1998.
Rapid success in the mobile phone sector allowed Nokia to become by 1998, the best-selling mobile phone brand in the world.
Acquisitions continued in 1999, when a further seven deals were completed, four of which were Internet-related.
The reaction towards a high energy intensity was setting up the own power plants (Pederson 2001, 328 ff.). Problems came together with the beginning of the First and later as well the Second World War.
But as the prices for oil during the oil crisis were rising, the purchasing power for all of the Finnish companies including Nokia has decreased. (International Directory of Company Histories 2001)
2002 Nokia introduces the first third-generation compliant mobile phone.
In 2003 Nokia introduced the first camera phone.
His replacement was a 25-year Nokia veteran named Olli-Pekka Kallasvuo, a lawyer by training whom Fortune, in that magazine's October 31, 2005 issue, described as so taciturn that "he can seem like an extra from an Ingmar Bergman movie."
After a decade-and-a-half at the helm, CEO Ollila announced his retirement, effective June 2006.
Most significantly it was suffering from closing the Russian market, where the business relations were established well and running smoothly (Stolle 2006, 2). After the war Nokia was able to recover from the so-called post war crisis and come back to its international business.
That’s why the company started to look for new opportunities as well as new acquisition possibilities in this field of business (Stolle 2006, 2 f.).
Without it Nokia couldn’t develop in a way it did. (Stolle 2006, 4 f.)
In 2007, Nokia combined its telecoms infrastructure operations with those of Siemens to form a joint venture named Nokia Siemens Networks.
It also failed in the same mobile phone market, where it achieved a milestone that companies only dream of, by capturing 49.4% of the market share in 2007.
In 2010, Stephen Elop became the new CEO of Nokia.
Nokia took the first step in February 2011, when the company announced a collaboration with Microsoft in order to strengthen its position in the smartphone market.
In 2011, Nokia joined forces with Microsoft to strengthen its position in the highly competitive smartphone market.
In 2011, Nokia also started to make a number of changes to its operations and company culture that would in the course of the next two years lead to shortened product development times, improved product quality and better responsiveness to market demand.
Apple, the second largest competitor of Nokia, uses iOS systems in its devices. (Eaton 2011)
In 2011, to address increasing competition from iOS and Android operating systems, Nokia entered into a strategic partnership with Microsoft.
Today, Nokia offers leading location services through the HERE business and brand, launched in 2012.
Unfortunately Windows Phone and Nokia were both late to the current smartphone era. (Tofel 2012)
In this time the company also started with the production of industrial parts, rubber bands or raincoats (About Nokia, Nokia History 2012). It became very popular in the country, so that almost every Finnish family was a proud owner of Nokia Rubber Works products.
In 2013, Nokia moved to reinvent itself with two transformative transactions.
In 2013, it acquired 100% shares of Nokia Siemens Networks and rebranded it as Nokia Networks.
In 2014 Nokia sold its mobile and devices division to Microsoft.
The 2015 acquisition of Franco-American telecommunications equipment provider Alcatel-Lucent greatly broadened the scope of Nokia’s portfolio and customer base.
In 2016, Nokia acquired Alcatel-Lucent, a French/American global telecommunications equipment company.
In 2016 the Nokia brand re-entered the mobile handset market through a licensing agreement with HMD Global, allowing them to offer phones under the Nokia brand.
HMD Global is a Finnish mobile phone company made by previous executives of Nokia. It bought back the mobile phone division from Microsoft in 2016.
In 2017, HMD global released the iconic Nokia 3310, which was well-received by the general public.
In Q3 of 2018, it shipped more than 4.8 million units, making it the 9th largest smartphone vendor worldwide.
On March 19th, 2020, it announced the release of Nokia 8.3 5G, the world’s first 5G smartphone.
2020 Ada Lovelace Honoree Paola Galli “Need for Speed” in the field of Silicon Photonics
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Nokia Networks Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nokia | 1865 | $20.8B | 103,083 | 355 |
| Ciena | 1992 | $4.0B | 7,000 | 41 |
| Lucent | 1996 | $9.4B | 30,500 | 4 |
| Acme Packet | 2000 | $241.0M | 761 | - |
| Tekelec | 1971 | $424.0M | 1,140 | - |
| Tellabs | 1974 | $1.1B | 1,290 | - |
| NextWave Wireless | 1995 | - | 750 | - |
| SeaChange International | 1993 | $32.5M | 281 | 1 |
| CableLabs | 1988 | $70.7M | 100 | - |
| Sonus | 1997 | $252.6M | 1,152 | 2 |
Nokia Networks Inc history FAQs
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