Nokia Corporation (natively Nokia Oyj, referred to as Nokia; , , ) (stylized as NOKIA) is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865.
At its peak in 2000, during the telecoms bubble, Nokia accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital. ==History== ===1865–1967=== Nokia's history dates from 1865, when Finnish-Swede mining engineer Fredrik Idestam established a pulp mill near the town of Tampere, Finland (then in the Russian Empire).
A second pulp mill was opened in 1868 near the neighboring town of Nokia, offering better [resources.
In 1871, Idestam, together with a friend
It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s has focused on large-scale telecommunications infrastructure, technology development, and licensing.
At its peak in 2000, during the telecoms bubble, Nokia accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital. ==History== ===1865–1967=== Nokia's history dates from 1865, when Finnish-Swede mining engineer Fredrik Idestam established a pulp mill near the town of Tampere, Finland (then in the Russian Empire).
It is the world's 415th-largest company measured by 2016 revenues according to the Fortune Global 500, having peaked at 85th place in 2009.
After a partnership with Microsoft and Nokia's subsequent market struggles, Microsoft bought its mobile phone business, creating Microsoft Mobile as its successor in 2014.
It is the world's 415th-largest company measured by 2016 revenues according to the Fortune Global 500, having peaked at 85th place in 2009.
The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD Global.
As of 2018, Nokia is the world's third-largest network equipment manufacturer. The company was viewed with national pride by Finns, as its mobile phone business made it by far the largest worldwide company and brand from Finland.
In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.
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