NOK » Topics » 4.C Organizational Structure

This excerpt taken from the NOK 20-F filed Mar 5, 2009.
Organizational Structure
 
We have three reportable segments: Devices & Services; NAVTEQ; and Nokia Siemens Networks.
 
Our Devices & Services group was formed on January 1, 2008, and combined our three former mobile device business groups—Mobile Phones, Multimedia and Enterprise Solutions—and the supporting horizontal groups into one integrated business group. The new organizational structure is designed to align Nokia with the opportunities we see for future growth in devices and services and increase efficient ways of working across the company. Devices & Services has three units: Devices; Services; and Markets. The three units receive operational support from our Corporate Development Office, which is also responsible for exploring corporate strategic and future growth opportunities.
 
We completed our acquisition of NAVTEQ Corporation on July 10, 2008, one of a number of strategic acquisitions to bring us the technology and knowledge we believe we need to compete effectively in consumer Internet services. NAVTEQ is a leading provider of comprehensive digital map information and related location-based content and services for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. By acquiring NAVTEQ, we aim to ensure the continued development of our context and geographical services through Nokia Maps as we move from simple navigation to a broader range of location-based services, such as pedestrian navigation and targeted advertising. At the same time, NAVTEQ continues to develop its expertise in the navigation industry, service its strong customer base and invest in the further development of its industry-leading map data and technology platform. NAVTEQ is a wholly-owned subsidiary of Nokia.
 
Nokia Siemens Networks was formed on April 1, 2007, and combined our former Networks business group with Siemens’ carrier-related operations for fixed and mobile networks. Nokia Siemens Networks is jointly owned by Nokia and Siemens and consolidated by Nokia. Nokia Siemens Networks has five business units: Radio Access; Converged Core; Broadband Connectivity Solutions; Operations and Business Software; and Services.
 
Devices & Services and Nokia Siemens Networks are each reportable segments for financial reporting purposes. Commencing with the third quarter 2008, NAVTEQ is also a reportable segment. Prior period results for Nokia and its reportable segments have been regrouped for comparability purposes according to the new reportable segments effective in 2008.


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For a breakdown of our net sales and other operating results by category of activity and geographical location, see Note 2 to our consolidated financial statements included in Item 18 of this annual report.
 
This excerpt taken from the NOK 20-F filed Mar 20, 2008.
Organizational structure
 
From January 1, 2004 through March 31, 2007, we had four business groups—Mobile Phones, Multimedia, Enterprise Solutions and Networks—supported and serviced by two horizontal groups, Customer and Market Operations and Technology Platforms, in addition to various Corporate Functions. On April 1, 2007, Nokia’s Networks business group was combined with Siemens’ carrier-related operations for fixed and mobile networks to form Nokia Siemens Networks, jointly owned by Nokia and Siemens and consolidated by Nokia.
 
As of January 1, 2008, our three mobile device business groups and the supporting horizontal groups have been replaced by an integrated business segment, Devices & Services. This reorganization is aimed at creating a structure aligned with the opportunities we see for future growth in devices and services and to increase efficient ways of working across the company. Under this new structure we conduct and manage our devices and services business in an integrated manner through:
 
  •  Devices, responsible for developing the best device portfolio for the marketplace, including sourcing of components;


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  •  Services & Software, reflecting our strategic emphasis on developing and growing our offering of consumer Internet services and enterprise solutions and software;
 
  •  Markets, responsible for the management of our supply chains, sales channels, brand and marketing activities; and
 
  •  A Corporate Development Office, reported under Corporate Functions, which has been established to focus on our strategy and future growth, and to provide operational support for integration across all the units.
 
Based on our revised organizational structure and the way we manage and allocate resources, from January 1, 2008, we have two reportable segments for financial reporting purposes: Devices & Services and Nokia Siemens Networks. Effective from the closing date of the pending acquisition of NAVTEQ Corporation (“NAVTEQ”), NAVTEQ’s current map data business will operate organizationally as a wholly-owned subsidiary of Nokia and will be a separate reportable segment.
 
The following business overview continues to describe our business prior to this reorganization in order to align with the financial segment reporting and discussion through December 31, 2007 contained in this annual report. Through December 31, 2007, Nokia reported on the following three device business segments: Mobile Phones, Multimedia and Enterprise Solutions. Until March 31, 2007, we also reported on a networks business segment, which was replaced from April 1, 2007 by Nokia Siemens Networks.
 
For a breakdown of our net sales and other operating results by category of activity and geographical location, see Note 2 to our consolidated financial statements included in Item 18 of this annual report.
 
This excerpt taken from the NOK 20-F filed Mar 2, 2006.

4.C   Organizational Structure

 The following is a list of Nokia's significant subsidiaries as of December 31, 2005.

Company

  Country of
Incorporation

  Nokia
Ownership
Interest

  Nokia
Voting
Interest

 
Nokia Inc.   United States   100 % 100 %
Nokia GmbH   Germany   100 % 100 %
Nokia UK Limited   England & Wales   100 % 100 %
Nokia TMC Limited   South Korea   100 % 100 %
Nokia Capitel Telecommunications Ltd   China   61.9 % 61.9 %
Nokia Finance International B.V.   The Netherlands   100 % 100 %
Nokia Komárom Kft   Hungary   100 % 100 %
Nokia do Brazil Technologia Ltda   Brazil   100 % 100 %
Nokia India Ltd   India   100 % 100 %

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This excerpt taken from the NOK 20-F filed Mar 8, 2005.

4.C   Organizational Structure

 The following is a list of Nokia's significant subsidiaries as of December 31, 2004:

Company

  Country of
Incorporation

  Nokia
Ownership
Interest

  Nokia
Voting
Interest

 
Nokia Inc.   United States   100 % 100 %
Nokia GmbH   Germany   100 % 100 %
Nokia UK Limited   England & Wales   100 % 100 %
Nokia TMC Limited   South Korea   100 % 100 %
Nokia Capitel Telecommunications Ltd   China   52.9 % 52.9 %
Nokia Finance International B.V.   The Netherlands   100 % 100 %
Nokia Komárom Kft   Hungary   100 % 100 %
Nokia do Brazil Technologia Ltda   Brazil   100 % 100 %
Nokia Italia Spa   Italy   100 % 100 %
Nokia India Ltd   India   100 % 100 %
Dongguan Nokia Mobile Phones Company Ltd   China   70 % 70 %
Beijing Nokia Hang Xing Telecommunications Systems Co. Ltd   China   69 % 69 %

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