page_title: Nokia
section_title: 2016–present
hierarchical_section_title: Nokia / History / 2016–present
caption_attribution_description: English: Nokia 6
context_page_description: Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865. Nokia's headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area. In 2018, Nokia employed approximately 103,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is the world's 415th-largest company measured by 2016 revenues according to the Fortune Global 500, having peaked at 85th place in 2009. It is a component of the Euro Stoxx 50 stock market index.
  The company has operated in various industries over the past 150 years. It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s has focused on large-scale telecommunications infrastructures, technology development, and licensing. Nokia is a major contributor to the mobile telephony industry, having assisted in the development of the GSM, 3G and LTE standards, and was once the largest worldwide vendor of mobile phones and smartphones.
context_section_description: On 26 April 2016, Nokia announced its intent to acquire French connected health device maker Withings for US$191 million. The company was integrated into a new Digital Health unit of Nokia Technologies. Nokia later wrote off the cost of the acquisition and in May 2018 the health unit was sold back to Éric Carreel, a Withings co-founder and former CEO.
  On 18 May 2016, Microsoft Mobile sold its Nokia-branded feature phone business to HMD Global, a new company founded by former Nokia executive Jean-Francois Baril, and an associated factory in Vietnam to Foxconn's FIH Mobile subsidiary. Nokia subsequently entered into a long-term licensing deal to make HMD the exclusive manufacturer of Nokia-branded phones and tablets outside Japan, operating in conjunction with Foxconn. The deal also granted HMD the right to essential patents and featurephone software. HMD subsequently announced the Android-based Nokia 6 smartphone in January 2017. At Mobile World Congress, HMD additionally unveiled the Nokia 3 and Nokia 5 smartphones, as well as a re-imagining of Nokia's classic 3310 feature phone. While Nokia has no investment in the company, they do have some input in the new devices.
  On 28 June 2016 Nokia demonstrated for the first time a 5G-ready network. In February 2017 Nokia carried out a 5G connection in Oulu, Finland using the 5GTF standard, backed by Verizon, on Intel architecture-based equipment.
  On 5 July 2017, Nokia and Xiaomi announced that they have signed a business collaboration agreement and a multi-year patent agreement, including a cross license to each company's cellular standard essential patents.
  In 2017, Nokia's brand value jumped 147 places to 188th place compared to 2016 in the Brand Finance ranking. Its rise was attributed to its health portfolio and new mobile phones developed by HMD Global.
  On 19 January 2018, Nokia signed a deal with NTT Docomo, Japan's largest mobile operator, to provide 5G wireless radio base stations in the country by 2020.
  On 29 January 2018, Nokia introduced the ReefShark line of 5G chipsets, claiming that it triples bandwidth to 84 Gbit/s. It will be released by Q3 2018. It also incorporates artificial intelligence technologies from Bell Labs.
  On 13 March 2018, Solidium, the investment arm of the Finnish government, purchased a 3.3% stake in Nokia valued at €844 million.
  On 7 May 2018, Nokia announced that it has acquired a California-based IoT startup, SpaceTime Insight.
  In January 2019, the Canadian government announced that it will provide C$40 million to support Nokia's research on 5G technology.
  A 2019 study revealed that Nokia phones performed far better than rivals Samsung, LG, Xiaomi, and Huawei in updating to the latest  version of Android. The study, made by Counterpoint Research, found that 96 percent of Nokia phones were either sent with or updated to the latest Android version since Pie was released in 2018. Nokia's competitors were found to be all around roughly the 80 percent range.
  On March 2, 2020, Nokia announced Pekka Lundmark as its new CEO. 
  On March 25, 2020, Nokia completed the acquisition of Elenion Technologies, a U.S.-based company focusing on silicon photonics technology to improve economics of advanced optical connectivity solutions.
  On May 27, 2020, Sari Baldauf succeeded Risto Siilasmaa as chairwoman of the board of directors. Kari Stadigh was appointed vice chair.
  On June 29, 2020, Nokia announced that it had won a 5G contract worth approximately $450 million from Taiwan Mobile to build out the telecom operator's next-generation network as the sole supplier.
caption: 2017 Nokia 6
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