The Beginning of Nokia
Nokia Corporation is the world’s biggest communication tools company and the biggest company in Finland. Its headquarter is located in Espoo, Finland. Nokia Corporation is famous for its cell phone products.
Nokia’s name comes from a community in Emakoski River, South Finland. In 1865, Nokia was established by Fredrik Idestam as a wood grinding company. In the early 20s century, a rubber company in Finland also establish a factory in the Nokia area and also use Nokia as its brand.
( Source: Google Image )
After World War 1, the Finland rubber company acquired the wood grinding company (Nokia) and a cable company in Finland. In 1967, three companies were merged with Nokia Corporation and became a paper and pulp factory.
In the 1950s, the growth of the paper and pulp sector was more limited so the company build an electronic division at a cable company in Helsinki. That was the beginning of the cellular sector. After 15 years of the trial period, skilled and talented manpower were gathered. Five years after the trial (the 1970s), Nokia and Salora (a television factory) were merged for cellphone or handphone development.
In the 1980s, Salora was united with Nokia. But, Nokia’s business was not always a success. In the same year, Nokia bought a German television factory but it was not running smoothly so they left.
In early 1981, Nokia succeed to launch the first social network named NMT (Nordic Mobile Telephony) which got good appreciation from several countries. Then, in the early 1990s, Nokia focused on cellular phones and phone networks because Nokia experienced a crisis. In 1991, Nokia produced the first GSM phone in the world and became the number one communication company.
In 1994, 500,000 units of Nokia phones were sold in 130 countries and the company has had more than 54,000 workers.
On 3rd September 2013, Microsoft planned to buy Nokia’s business which valued USD79 trillion.