Company Overview of Nokia Corporation
Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. The Devices & Services segment offers feature mobile phones and smartphones consisting of the windows phone operating system; and spare parts. The HERE segment develops a range of location-based products and services for consumers, platform services, and local commerce services for its feature phones and smartphones, as well as for other device manufacturers, automobile manufacturers, application developers, Internet service providers, merchants, and advertisers. This segment also provides content and business-to-business provider of ma...
Founded in 1865
Key Executives for Nokia Corporation
Chairman of Nokia Leadership Team
Total Annual Compensation: $628.4K
Executive Vice President of Smart Devices and Member of the Leadership Team
Total Annual Compensation: $610.8K
Chief Legal Officer
Total Annual Compensation: $513.0K
Executive Vice President of Design and Member of The Leadership Team
Total Annual Compensation: $455.6K
Compensation as of Fiscal Year 2012.
Nokia Corporation Key Developments
Nokia Corporation Launches Lumia 1520 Phablet in India for INR 46,999
Dec 17 13
Nokia Corporation launched its Lumia 1520 phablet in India for INR 46,999. Phablets account for 30% of the smartphone market in India. The device comes with a six-inch screen, a Pureview quality 20 megapixel camera, runs on Windows Phone 8 operating system. It comes with 2GB RAM and 32 GB internal user memory.
Nokia to Introduce Lumia 1520, 2 Asha Models in Thailand
Dec 13 13
Nokia will launch the Nokia Lumia 1520 later this month . The company plans to increase spending on marketing to build the Lumia brand. The company is also introducing two new Asha models to capture the growing entry-level smartphone market. The Asha 500 will be priced at THB 2,250 and the Asha 503 will be priced at THB 2,990. Meanwhile, the Lumia models will be priced over THB 5,000.
Nokia Seeks To Sell Chennai Manufacturing Unit
Dec 9 13
Nokia Corporation (HLSE:NOK1V) may look for another buyer if its Chennai manufacturing unit cannot be sold to Microsoft Corporation (NasdaqGS:MSFT) due to tax issue. Chennai manufacturing unit, may be segregated if the tax row is not settled before December 12, 2013 and Nokia may then look at providing contract manufacturing services to the US-based company for about a year, a senior Nokia official said. "We will do our best to get this deal done. But, we also agreed with Microsoft that if the assets are not transferred to them then we will for concessional period offer contract manufacturing services out of the factory assets and by doing so we will try to secure employment for as many employees possible. Given that Nokia will not need these assets for its own future operations, we will need to seek to try to find another buyer for this asset here. We have committed that cash amount will be a minimum of INR 22.5 billion and if you look at this from a numbers point of view, the case and the claim, is for approximately INR 20.8 billion. We have already today agreed to deposit INR 7 billion to be able to take this claim and go through court proceedings over the next few years, taking the total amount to almost INR 30 billion. This is higher than the original tax claim,” he added.
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