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Introduction
Nokia is the world leader in mobile communications. Backed by its experience,
innovation, user-friendliness and secure solutions, the company has become the
leading supplier of mobile phones and a leading supplier of mobile, fixed
broadband and IP networks. By adding mobility to the Internet, Nokia creates new
opportunities for companies and further enriches the daily lives of people. Nokia
is a broadly-held company with listings on six major exchanges. Nokia employs
over 50,000 people worldwide from over 120 countries. There are around 2,000
employees in its UK operation, based in offices at Huntingdon, Godmanchester
and Farnborough.
Executive Summary
The origins of present-day Nokia begin in 1865 when Finnish Rubber Works and
Finnish Cable Works merged with a forestry company called Nokia to form Nokia
Corporation. During the 1980s the company moved into telecommunications and
consumer electronics through a series of European acquisitions. In the late 1980s
it snapped up Ericsson's data systems division, and in 1989 expanded its cable
industry into continental Europe by acquiring Dutch cable company NKF. It now
operates across 120 countries worldwide. Since the early 1990s, the company has
divested many of its operations in order to concentrate on its core
telecommunications business. On 1 January 2004, Nokia restructured into four
business groups: Mobile Phones, Multimedia, Enterprise Solutions and Networks.
However mobile consumer technology is still the area which generates strongest
growth; its mobile device revenues are currently growing at 34% per year
compared with overall sales growth of 25%.
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