Business of… Nokia
Believe it or not, this Finnish company remains one of the titans of the global mobile phone industry, despite losing ground to the likes of Apple and Google.
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 19th and early 20th 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.