Thursday, 16 August 2018

Here's the history, but is the future Here?

By Mary Lennighan, Total Telecom
Friday 17 April 15

Nokia's 150-year journey has been far from straightforward; retaining its location assets may help it keep to the right path.

It is 150 years since Nokia was founded as a paper mill at the Tammerkoski Rapids in south western Finland and the firm has experienced more than its fair share of ups and downs since then. Nokia has reinvented itself numerous times (see the potted history below) - including dealing with the rise and fall, and eventual sale, of its mobile phones business - and now, with Wednesday's announcement that it will acquire rival Alcatel-Lucent in a deal that values it at €15.6 billion, it is seeking to establish itself as a heavyweight in the networks game. The deal makes logical sense; the firms have different strengths when it comes to product portfolios and geographic footprints, but also the ability to gain cost synergies and eliminate areas of overlap. But is Nokia overlooking something? Alongside the AlcaLu deal…

It is 150 years since Nokia was founded as a paper mill at the Tammerkoski Rapids in south western Finland and the firm has experienced more than its fair share of ups and downs since then. Nokia has reinvented itself numerous times (see the potted history below) - including dealing with the rise and fall, and eventual sale, of its mobile phones business - and now, with Wednesday's announcement that it will acquire rival Alcatel-Lucent in a deal that values it at €15.6 billion, it is seeking to establish itself as a heavyweight in the networks game. The deal makes logical sense; the firms have different strengths when it comes to product portfolios and geographic footprints, but also the ability to gain cost synergies and eliminate areas of overlap. But is Nokia overlooking something? Alongside the AlcaLu deal…

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