Founded in 1865 in Finland, Nokia is a privately owned multinational corporation. Initially involved in various industries, it currently focuses primarily on enterprise and telecommunications software. Employing approximately 92,940 people, Nokia's headquarters remain in Finland. While historically known for its consumer electronics and telecommunications hardware, its current operations are centered on software solutions for businesses and the telecommunications sector.

2024 Revenue

Founded

1865

Headcount

92,931

Headquarters

Finland

Primary Segment

Telecoms

Ownership

Publicly Owned

Deployments

40

News Summary:

On an unspecified date, Nokia signed an agreement with 4iG Group to modernize and unify IP access and DWDM transport backbone networks in Hungary. The goal is to create a next-generation network infrastructure that can handle increased data traffic, support digital service growth, and ensure long-term sustainable operations. Also on an unspecified date, the Iraqi communications ministry contracted Nokia to build the country's first government-owned data centers in Baghdad. Two facilities will be constructed, one at the Al Intisar site and another at the Al Rasheed exchange. These centers will store data under Iraqi management and serve both government and private sector clients. On an unspecified date, Nokia, along with Intel, Datwyler IT Infra, and the Switzerland Innovation Park Biel/Bienne, established an AI innovation hub in Switzerland for startups and non-profit organizations. The hub will help these entities transition to digital business processes using AI-powered edge products and 5G connectivity. On an unspecified date, Nokia announced changes to its top management, creating a new Technology and AI unit and Corporate Development office. Pallavi Mahajan joined as Chief Technology and AI Officer, and Konstanty Owczarek was hired as Chief Corporate Development Officer. Nishant Batra stepped down as Chief Strategy and Technology Officer.

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Nokia offers 14 products in the connectivity and cloud and telecoms tech industries. Nokia's product portfolio comprises of telecoms network infrastructure, wi-Fi and mesh networks, fibre access, enterprise and telecoms software, fixed wireless access, enterprise security, data centre infrastructure and enterprise cloud.
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Nokia's revenues were $20.8B in 2024. Caretta Research has split Nokia's revenue into 12 different product categories, the largest of which is fWA gateways and modems, which represents 17% of Nokia's revenue.
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Nokia's customers primarily consist of telecoms and generative AI companies. Examples of Nokia's customers include Orange Group, Microsoft and AT&T. Nokia has commercial and technical partners like BT Group, Thales and Telefonica. Examples of Nokia's suppliers include Red5 Pro, Comprimato and SEI Robotics.

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