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August 31, 2015 10:13 PM ET

Communications Equipment

Company Overview of Nokia Corporation

Company Overview

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies. The Mobile Broadband offers network solutions for mobile voice and data services through its Radio and Core clusters for mobile operators. The Global Services segment offers various services for mobile operators, such as network implementation services to build, expand, or modernize communications network; undertaking software and hardware maintenance, ...

Karaportti 3

PO Box 226

Espoo,  45

Finland

Founded in 1865

64,003 Employees

Phone:

358 1044 88000

Fax:

358 1044 81002

Key Executives for Nokia Corporation

Chief Executive Officer and President
Age: 48
Total Annual Compensation: $2.7M
Group Chief Financial Officer and Executive Vice President
Age: 49
Total Annual Compensation: $1.6M
President of Here
Age: 52
Total Annual Compensation: $588.8K
President of Nokia Technologies
Age: 51
Total Annual Compensation: $328.5K
Chief Financial & Operating Officer of Networks and Executive Vice President of Networks
Age: 54
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

Nokia Corporation Key Developments

Microsoft Corp Confirms Finnish Phone Site Closure and Job Cuts

Microsoft Corp. on confirmed it will close Nokia Oyj's former handset product development unit in Salo, Finland, and will cut a total of up to 2,300 jobs in the Nordic country. The cuts, initially announced in July, are part of Microsoft's plan to cut 7,800 jobs globally, most from the phone hardware business that it bought from Nokia last year.

Nokia Corporation will Change its Ticker to NOKIA from NOK1V

Effective August 10, 2015, Nokia Corporation will change its OMX Nordic Exchange Helsinki stock ticker symbol to NOKIA from NOK1V.

HERE Announces Earnings Results for the Second Quarter and Six Months Ended June 2015; Provides Earnings Guidance for the Year 2015

HERE announced earnings results for the second quarter and six months ended June 2015. For the quarter, the company reported sales of €290 million against €232 million and operating profit (non-IFRS) of €27 million compared to €0 million for the last year. For the six months, the company reported sales of €551 million against €441 million and operating profit (non-IFRS) of €46 million compared to €10 million for the last year. The company provided earnings guidance for the year 2015. For the year, the company expected net sales to be increased year-on-year and non-IFRS operating margin in the range of 9% - 12%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 3, 2015
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Merger/Acquisition
April 15, 2015
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