Company Overview
Nokia Networks, a division of Nokia Corporation, is a leading multinational data networking and telecommunications equipment company headquartered in Espoo, Finland. Specializing in providing wireless and fixed network infrastructure, communications, and network service platforms, Nokia Networks serves operators and service providers globally. The company focuses on delivering superior performance and security through open architectures, ensuring operational resiliency for its clients.
Historical Background
Originally established as a joint venture between Nokia of Finland and Siemens of Germany, known as Nokia Siemens Networks, the company became a wholly-owned subsidiary of Nokia Corporation in 2013. Over the years, Nokia Networks has evolved through strategic acquisitions and innovations, including the purchase of Alcatel-Lucent in 2016, which expanded its capabilities in IP technologies and software services.
Product and Service Portfolio
Nokia Networks offers a comprehensive range of products and services designed to meet diverse communication needs:
These offerings are designed to provide superior performance and security, ensuring operational resiliency for service providers and enterprises.
Industry Applications
Nokia Networks’ solutions are implemented across various sectors:
These applications underscore Nokia Networks’ commitment to providing versatile and reliable networking solutions tailored to specific industry needs.
Notable Achievements
Throughout its history, Nokia Networks has achieved significant milestones:
Leadership Insights
As of March 2020, Pekka Lundmark serves as the President and Chief Executive Officer of Nokia Corporation, leading the company’s strategic initiatives and operations.
Financial Performance
Nokia Corporation is publicly traded on the Nasdaq Helsinki and New York Stock Exchanges under the ticker symbol NOK. The company operates in four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies.
Recent Developments
In November 2024, Nokia secured a contract with Deutsche Telekom to deploy an Open Radio Access Network (ORAN) across more than 3,000 sites in Germany, marking Nokia’s re-entry as a supplier for Europe’s largest network provider since 2017. This rollout includes collaboration with Fujitsu and has already commenced in Northern Germany.
Future Outlook
Looking ahead, Nokia Networks aims to continue its leadership in telecommunications by focusing on the development of advanced technologies, including 5G and beyond. The company plans to leverage its comprehensive product and service portfolio to meet the evolving needs of service providers and enterprises, driving digital transformation and enabling seamless connectivity worldwide.
Nokia Networks’ commitment to providing secure and reliable networking solutions positions it as a significant player in the global telecommunications industry, supporting the connected experiences of users across various sectors.