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Nokia was established in 1865 by Fredrik Idestam, a mining engineer, as a forestry enterprise located in South-Western Finland. In 1967, Nokia Corporation was formed through the merger of Finnish Cable Works, Finnish Rubber Works Ltd, and the forest industry enterprise.
Nokia is presently the global leader in mobile phones and a leading provider of mobile, fixed broadband, and IP networks. The company’s presence spans Europe, the Americas, Africa, the Middle East, and the Asia-Pacific regions. The company has R&D operations in 12 countries and owns 15 manufacturing centres in nine countries.
Nokia operates through four main strategic business units, namely:
mobile phones;
networks;
multimedia; and,
enterprise solutions.
Nokia shares have been listed on the Helsinki Exchange since 1915. The shares are also listed in Stockholm (since 1983), Frankfurt am Main (since 1988) and New York (since 1994).
As of June 30, 2005 the total number of shares outstanding was 4,433,761,300, of which 41,411,984 were owned by Nokia Group, with a further 4,392,349,316 owned by shareholders outside of the Nokia group. As of February 2005, ownership of Nokia was distributed throughout the world with 46% in the US, 51% in Europe, 1% in Singapore, 1% in Japan, and 1% in Canada.
As of September 30, 2005, Nokia and its subsidiary companies owned 140,992,048 Nokia shares. The shares had an aggregate per value of €8,459,522.88, representing approximately 3.2% of the share capital of the company and of the total voting rights. The total number of shares on September 30, 2005 was 4,433,773,589 and the share capital was €266,026,415.34.
