Nokia

Finnish multinational telecommunications, IT, and consumer electronics business Nokia (formerly Nokia Oyj, referred to as Nokia) was founded in 1865. While Nokia has its primary offices in Espoo, Finland (part of the greater Helsinki metropolitan area), the company can trace its history back to the Tampere region of Pirkanmaa. In 2020, Nokia had 92,000 employees working in over 100 countries, was active in over 130 markets, and generated over €23 billion in yearly sales. Nokia, listed on both the Helsinki Stock Exchange and the New York Stock Exchange, is a public limited corporation. According to the Fortune Global 500, based on 2016 revenue, it dropped from 85th to 415th place since its 2009 peak. It is included in the stock market benchmark, the Euro Stoxx 50.

Over the course of its 150-year history, the company has dabbled in a wide range of markets. Originally associated with rubber and cables, the company shifted its focus in the 1990s to building out and licensing telecommunications infrastructure. The mobile telephone market would not be where it is today without Nokia's assistance in creating the GSM, 3G, and LTE standards. Starting in 1998, Nokia dominated the global mobile phone market for ten years. However, Nokia's share of the mobile phone market dropped sharply in the later 2000s due to a series of poor management decisions.

Founded: May 12, 1865
Headquarters: Espoo, Finland
Website: https://www.nokia.com/