Nokia: A Long History of Innovation and Growth

Nokia has been a household name for decades, synonymous with mobile phones and telecommunications infrastructure. But few people know that the company's roots date back to 1865, when it was founded as a pulp mill in Finland. Over the years, Nokia has evolved from a small paper mill to a global technology giant, playing a significant role in shaping the mobile telephony industry.

In its early days, Nokia focused on producing rubber and cables, but after the sale of its telecommunications infrastructure business, the company shifted its attention towards Internet of things technologies and divested itself of its Here mapping division. Despite this change in direction, Nokia continued to innovate and make significant contributions to the development of GSM, 3G, and LTE standards.

However, in the later 2000s, Nokia faced a series of poor management decisions, which led to a sharp decline in its market share. In 2014, Microsoft acquired Nokia's mobile phone business and incorporated it as Microsoft Mobile. Despite this setback, Nokia continued to operate and focus on large-scale telecommunications infrastructure, technology development, and licensing.

Today, Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. The company employs approximately 92,000 people across over 100 countries, does business in more than 130 countries, and reports annual revenues of around €23 billion. Its main headquarters are located in Espoo, Finland, in the greater Helsinki metropolitan area.

Despite its rich history, Nokia has not lost sight of innovation. The company continues to develop new technologies and products, including the Nokia 2.4 battery, which is designed to provide long-lasting power for your mobile device. With its focus on large-scale telecommunications infrastructure and technology development, Nokia remains a key player in the global technology industry.

In conclusion, Nokia's journey from a small paper mill to a global technology giant has been marked by innovation, growth, and perseverance. The company's commitment to developing new technologies and products continues to shape the mobile telephony industry, making it an important part of our daily lives.