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What is next for Nokia?

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Nokia Corporation the iconic Finnish communication and information technology started its journey way back in 1865  originally as a Paper manufacturing plant has seen many transformation in last 148 years of history. The announcement which Nokia made 3 September 2013 transformed her entirely and made her ready for their new journey.

Nokia to sell Devices & Services business to Microsoft in EUR 5.44 billion all-cash transaction. Nokia is not in the business of making smartphones and its services. What is next for Nokia?

Nokia is planning to build a new chapter and will focus on three established businesses

1.NSN, a leader in network infrastructure and services.

2.HERE, a leader in mapping and location services.

3.Advanced Technologies, a leader in technology development and licensing.

nsn

Nokia Chairman and interim CEO Mr¬†Mr. Siilasmaa said”With our strong corporate identity, leading assets and talent, and from a position of renewed financial strength, we will build Nokia’s next chapter. He also gave a vision of how Nokia will go ahead with three established business portfolio

NSN, a wholly-owned business of Nokia since August 2013, is a leader in mobile broadband, and is focused on operating at the forefront of each generation of mobile technology, including pushing the boundaries of connecting people through LTE and future technologies. Nokia continues to manage NSN as a strong, independent entity.

HERE will continue to focus on growing its industry-leading position through a broad location offering across mobile devices, connected devices, enterprise solutions and the automotive environment. HERE will continue to execute its strategy to become the leading independent location cloud platform company, offering mapping and location services across different screens and operating systems.

Our Advanced Technologies business will build on several of Nokia’s current CTO and Intellectual Property Rights activities.Advanced Technologies will explore new business opportunities through advanced research, development and concept products in areas such as connectivity, sensing and material technologies, as well as web and cloud technologies. At the same time, Advanced Technologies plans to continue to build Nokia’s patent portfolio from this innovation and targets to expand its industry-leading technology licensing program, spanning technologies that enable mobility today and tomorrow.

Companies like Nokia knows how to survive and prosper in adverse situation. They have done it many time in past and they are doing it again.

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