October 26, 2016 12:55 AM ET

Communications Equipment

Company Overview of Nokia Corporation

Company Overview

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. It operates in five business groups: Mobile Networks, Fixed Networks, IP/Optical Networks, Applications & Analytics, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; macro radio access network solutions; subscriber data management and IP multimedia subsystem solutions; small cell access, and back haul and front haul solutions; and network planning and optimization, network implementation, systems integration, managed, and care services. The company...

Karaportti 3

Espoo,  02610


Founded in 1865

103,392 Employees


358 1044 88000


358 1044 81002

Key Executives for Nokia Corporation

Chief Executive Officer and President
Age: 49
Total Annual Compensation: €2.9M
Chief Financial Officer
Age: 50
Total Annual Compensation: €100.0K
President of Mobile Networks
Age: 55
Total Annual Compensation: €1.3M
Compensation as of Fiscal Year 2015.

Nokia Corporation Key Developments

Nokia Signs Two Memoranda of Confirmation Frame Agreement with Globe Telecom

Nokia has signed two memoranda of confirmation frame agreements with Globe Telecom, a telecom operator in the Philippines. One agreement is for wireless technologies and the other is for IP, Optical and SDN technologies. Under the deals, Nokia plans to transform Globe Telecom's current fixed and mobile networks into a more robust network that will help Globe meet the country's burgeoning and future digital demands. Nokia noted that Globe Telecom will transition to a flexible cloud-based network infrastructure, with Nokia's 5G-ready AirScale radio access and IP, optical and carrier SDN technology solutions.

Nokia Opens Delivery Centre in Voronezh

Nokia has opened its Global Delivery Centre in the city of Voronezh. The centre was launched based on the Global Network Operations Centre started by Nokia Siemens Networks in the city in 2011. Total investment into both centres has passed RUB 300 million. The GDC in Voronezh currently manages the networks of mobile operators MTS and Beeline in the Central federal district.

Nokia Corporation Announces New Virtualized Mobile Network Management System

Nokia Corporation announced NetAct Compact, a virtualized mobile network management system that meets the demand for smaller radio and core networks coming from a range of industries outside of the telecommunications sector. Nokia NetAct Compact is built upon the Nokia NetAct solution, the first major virtualized network management software for mobile networks. Providing operators with a single, consolidated and comprehensive view of any mobile network, Nokia NetAct delivers best-in-class tools for troubleshooting, administration, software management and configuration management. It also delivers advanced assurance capabilities as part of Nokia's comprehensive, multi-domain Service Assurance program, which provides closed-loop automation to drive greater network agility and optimization.

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