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Business of… Nokia

February 13, 2011 4:10 by Samuel Potter

We start, cunningly, at the beginning. Well, not really. Nokia started life as three separate companies back in the late 19^th and early 20^th centuries, one running pulp mills, one in cables, and one in rubber. Long story short, the three companies were jointly owned from 1922 until 1967, when they were merged to form Nokia Corporation. The new company hand fingers in all the pies, especially in consumer electronics, until the 1990s when it refocused on telecoms. In the 80s the firm was at the forefront of developing mobile phone technologies, including the development of GSM (Global System for Mobile Communications – basically the second generation of mobile technology). In fact, the world’s first GSM call was made in 1991 by the Finnish Prime Minister using a Nokia phone over a Nokia supplied network. The company was positioned to reap the benefits of the imminent mobile communications boom.

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