Nokia (former parent company)

Nokia, once a dominant player in telecommunications, was a Finnish multinational known for its mobile phones and network infrastructure. Founded in 1865 as a pulp mill company, it diversified over the years into electronics and telecommunications. By the late 20th and early 21st centuries, Nokia became a leading global mobile phone manufacturer. However, due to intense market competition and technological shifts, especially with smartphones, Nokia's mobile phone sales declined. The company shifted focus to telecommunications infrastructure, becoming a major supplier of network equipment globally. Nokia as a parent company now primarily develops technology for communications, network services, and internet-connected devices.