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From Paper Mills To 5G: The Many Lives Of Nokia

From Paper Mills To 5G: The Many Lives Of Nokia

Submitted by • March 3, 2020 www.communicationstoday.co.in

Pekka Lundmark will take over as Nokia chief executive in September to lead the former handset giant in its battle for the fast-growing 5G networks business.Here are the highlights of the Finnish group’s business transformations:1860s: Mining engineer Fredrik Idestam establishes a paper mill in Tampere, Finland, in 1865 and another one a few years later near the neighbouring town of Nokia, after which the growing enterprise is named.1960s: Through a merger, Nokia becomes a conglomerate operating in a range of industrial sectors including communications cables, paper products, rubber boots, tyres, electronics and radio phones.

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