About Nokia South Africa
We are talking about a 154 years old multinational telecommunication company from Finland that deals with business in mobile phones, consumer electronics, and telecommunication and networking equipment.
The company is serving worldwide since its formation on 12th May 1865 in Tampere, Grand Duchy of Finland and is headquartered in Espoo, Finland.
In the financial year of 2018, the company generated a revenue of €22.56 billion with a net income of -€549 million and is under parent organization HMD Global.
History of Nokia
Initially, the company was established as a pulp mill in 1865 near the town of Tampere by Fredrik Idestam. Fredrik later joined hands with Leo Mechelin to form Nokia Ab dealing with hydropower resources.
In 1902, the company came under Mechelin and he thought of expanding the work in electricity generation but this move was opposed by Fredrik and they partnered with Finnish Rubber Works and Kaapelitehdas in 1922.
These three companies made Nokia Corporation together in 1967 running their business in
cable, rubber, forestry, and electronics. Soon they planned to expand by making military equipment turning towards the market of capacitors, chemicals, telephone switches, and professional mobile radios.
They also grabbed their hold on the Soviet market in the 1970s and acquired companies like Salora, Luxor AB and Oceanic which turned out Nokia’s profit in television manufacturing. Nokia also came into computer division after acquiring Ericsson’s Information Systems in 1988 followed by a mobile telephony company Mobira.
In 1992, the company was planned out to work as telecom oriented which came out as a successful decision. Soon they became a giant manufacturer and supplier in the mobile market all across the world.
Even they were the ones to step for mobile gaming that gained huge popularity but in 2014 their global brand value decreased and they preferred to focus on network equipment to further stop from going on negative financial figures.
In 2017, the company made a collaboration agreement with Xiaomi and also with NTT Docomo to go for 5G wireless radio base stations in-country by 2020. Even they recently got C$40 million from the Canadian government to enhance and work on their 5G technology.
When it got started in South Africa?
The company started its mobile business in South Africa in the 1990s. They have many popular models found across stores in South Africa including N9, E7-00, E6, C5, C3, C2, C7, E5, E63, N8, X2, C6, X3, and E72. Nokia still holds the lion’s share of South Africa’s mobile market with 60%.
Recently, the Nokia phone maker HMD Global has announced the launch of Nokia 9 PureView in South Africa which is considered to be the world’s first five-camera array with ZEISS Optics.