Nokia Oyj

PSE:NOKIA

Business Description

Sector

Information Technology

Industry

Communications

Headquarters

Finland FI

Employees

78 005

IPO date

Mar 29, 1905

Nokia Oyj is a telecom equipment company. It designs and sells the hardware and software that mobile carriers and network operators use to build and run phone networks, including radio access gear, core network systems, network management software, and related services. It also sells networking products for fixed-line broadband and private wireless networks, so it sits in the middle of the communications infrastructure that connects phones, homes, factories, and businesses.

Its main customers are mobile operators, internet service providers, governments, and large enterprises that need secure, reliable networks. Nokia makes money by selling equipment, licensing software, and providing long-term support, integration, and network services. In some areas it also earns royalty income from its technology and patents, which gives it a different mix than a pure hardware supplier.

What makes Nokia’s business model distinctive is that it helps other companies build the backbone of telecom networks rather than selling directly to consumers. Its work is tied to long project cycles, technical standards, and ongoing maintenance, so customer relationships tend to be sticky and service-heavy. That makes Nokia an important supplier in the telecommunications value chain, with a business built around infrastructure, software, and intellectual property rather than retail products.