Nokia's interim CEO Siilasmaa maps out company's future

Nokia's (NYSE:NOK) chairman and interim CEO, Risto Siilasmaa, has talked about how emotional it was for Nokia to sell its key devices and services unit to partner Microsoft (NASDAQ:MSFT) for around $7.2 billion. However, now that the initial impact of the sale has faded somewhat, in an interview posted on the company's blog, Siilasmaa said he believes "this is the beginning of the next 150 years of Nokia's story." He said: "Nokia will look very different without the mobile devices and services business. But it will be a strong company, with healthy finances and three strong businesses--NSN, HERE, and Advanced Technologies--each a leader in technology and innovation." Nokia Solutions and Networks, or NSN, will remain the largest unit of what will be left of the company, and Siilasmaa said Nokia "will continue to manage NSN as a strong, independent unit." The company hopes its HERE mapping and location services platform, which it will license to other companies, will become more important as more devices are connected to the cloud and connected cars become more of a reality. Finally, the Nokia is banking on its Advanced Technologies division to serve as a research and development hub within the company. Article

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

Verizon EVP and CTO Kyle Malady shared a few details about how it's using the 3.5 GHz Citizens Broadband Radio Service (CBRS) band.

Ericsson's latest Mobility report finds that an average of 64% of service providers globally offer fixed wireless access (FWA) service.

The U.K. on Monday set out a roadmap for removing Huawei equipment from 5G networks and outlined a new strategy to diversify the supply chain.