At a glance Leading European Telco Deutsche Telekom is one of the world's leading integrated telecommunications companies, with some million mobile customers, 28 million fixed-network lines, and 19 million broadband lines. Deutsche Telekom is present in more than 50 countries. Our core business, i. But at the same time we are proactively committing to business areas that open up new growth opportunities for us.
Finland Company Perspectives By connecting people, we help fulfill a fundamental human need for social connections and contact. Nokia builds bridges between people--both when they are far apart and face-to-face--and also bridges the gap between people and the information they need.
History of Nokia Corporation Nokia Corporation is the world's largest manufacturer of mobile phones, serving customers in countries. Nokia is divided into four business groups: The Mobile Phones group markets wireless voice and data products in consumer and corporate markets.
The Multimedia segment sells mobile gaming devices, home satellite systems, and cable television set-top boxes. The Enterprise Solutions group develops wireless systems for use in the corporate sector.
Wireless switching and transmission equipment is sold through the company's Networks division. Nokia operates 15 manufacturing facilities in nine countries and maintains research and development facilities in 12 countries.
Nokia was a pioneer in the industry and introduced many new production methods to a country with only one major natural resource, its vast forests. As the industry became increasingly energy-intensive, the company even constructed its own power plants. But for many years, Nokia remained an important yet static firm in a relatively forgotten corner of northern Europe.
Nokia shares were first listed on the Helsinki exchange in Despite its proximity to the Soviet Union, Finland has always remained economically connected with Scandinavian and other Western countries, and as Finnish trade expanded Nokia became a leading exporter. During the early s Nokia began to diversify in an attempt to transform the company into a regional conglomerate with interests beyond Finnish borders.
Unable to initiate strong internal growth, Nokia turned its attention to acquisitions. The government, however, hoping to rationalize two underperforming basic industries, favored Nokia's expansion within the country and encouraged its eventual merger with Finnish Rubber Works, which was founded inand Finnish Cable Works, which was formed into form Nokia Corporation.
When the amalgamation was completed inNokia was involved in several new industries, including integrated cable operations, electronics, tires, and rubber footwear, and had made its first public share offering. In Nokia set up a division to develop design and manufacturing capabilities in data processing, industrial automation, and communications systems.
The division was later expanded and made into several divisions, which then concentrated on developing information systems, including personal computers and workstations, digital communications systems, and mobile phones. Nokia also gained a strong position in modems and automatic banking systems in Scandinavia.
Oil Crisis, Corporate Changes: Years of political accommodation between Finland and the Soviet Union ensured Finnish neutrality in exchange for lucrative trade agreements with the Soviets, mainly Finnish lumber products and machinery in exchange for Soviet oil. By agreement, this trade was kept strictly in balance.
But when world oil prices began to rise, the market price for Soviet oil rose with it. Balanced trade began to mean greatly reduced purchasing power for Finnish companies such as Nokia. Although the effects were not catastrophic, the oil crisis did force Nokia to reassess its reliance on Soviet trade about 12 percent of sales as well as its international growth strategies.
Several contingency plans were drawn up, but the greatest changes came after the company appointed a new CEO, Kari Kairamo, in Kairamo noted the obvious: Nokia was too big for Finland. The company had to expand abroad. He studied the expansion of other Scandinavian companies particularly Sweden's Electrolux and, following their example, formulated a strategy of first consolidating the company's business in Finland, Sweden, Norway, and Denmark, and then moving gradually into the rest of Europe.
After the company had improved its product line, established a reputation for quality, and adjusted its production capacity, it would enter the world market.
Meanwhile, Nokia's traditional, heavy industries were looking increasingly burdensome. It was feared that trying to become a leader in electronics while maintaining these basic industries would create an unmanageably unfocused company. Kairamo thought briefly about selling off the company's weaker divisions, but decided to retain and modernize them.
He reasoned that, although the modernization of these low-growth industries would be very expensive, it would guarantee Nokia's position in several stable markets, including paper, chemical, and machinery productions, and electrical generation.
For the scheme to be practical, each division's modernization would have to be gradual and individually financed.Nov 18, · Company Overview. WIND Hellas Telecommunications S.A. operates an integrated mobile telephony, fixed telephony, and Internet communication network in grupobittia.comon: 66 Kifissias Avenue Marousi, Greece.
Yahoo Finance's Morning Brief. created a group of shell companies incorporated in Luxembourg to acquire TIM Hellas Telecommunications, the third-largest cellular company in Greece at the time.
Having dabbled in telecommunications in the s, Nokia cut its teeth in the industry by selling switching systems under license from a French company, Alcatel.
The Finnish firm got in on the cellular industry's ground floor in the late s, when it helped design the world's first international cellular system. At a glance Leading European Telco Deutsche Telekom is one of the world's leading integrated telecommunications companies, with some million mobile customers, 28 million fixed-network lines, and 19 million broadband lines.
Aug 24, · Mr. Socrates Kominakis served as Commercial Director of Vodafone-Panafon Hellenic Telecommunications Company S.A. since March Mr. Kominakis has been the Chief Executive Officer and Managing Director of Hellas Telecommunications I grupobittia.com September Nov 16, · Only a company representative may request an update for the company profile.
Documentation will be required. To contact Hellas Telecommunications I S.àr.l., please grupobittia.com Location: rue Mathias Hardt Luxembourg City, -- Luxembourg.