Nokia Networks

Nokia Networks (formerly Nokia Solutions and Networks (NSN) and Nokia Siemens Networks (NSN)) is a Finnish multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Corporation. It started as a joint venture between Nokia of Finland and Siemens of Germany known as Nokia Siemens Networks. The formation of NSN was announced in June 2006, and launched in April 2007. Early on, the firm undertook numerous acquisitions, which it typically used to obtain strategically-beneficial technologies or customer bases, such as the wireless-network equipment of Motorola in 2010. During the early 2010s, NSN opted to reorient its focus towards the mobile broadband equipment market and underwent restructuring, selling its fixed line Broadband Access business to ADTRAN, Inc. and enacting job cuts. The firm became increasingly focused on 5G network apparatus. In 2013, Nokia acquired 100 percent of NSN via the purchase of all of Siemens' shares in the business for €1.7 billion. In April 2014, the NSN name was phased out in favour of the Nokia Networks branding. By 2015, Nokia Networks had operations in around 120 countries. The firm's headcount reached 150,000 following the €15.6 billion acquisition of Alcatel-Lucent in 2015, which was integrated into Nokia Networks, a series of job losses led to almost one-third reduction in staff numbers by the end of 2024. Throughout the 2020s, Nokia Networks has encountered intense competitive pressure alongside an industry-wide downturn in demand for 5G networking equipment.