NOKIA Business Summary

Nokia Corporation is a global leader in B2B telecommunications, generating revenue through hardware sales, software-as-a-service (SaaS), and high-margin intellectual property licensing. As of January 1, 2026, the company operates via two core segments: Network Infrastructure (comprising IP, Optical, and Fixed Networks) and Mobile Infrastructure (integrating RAN, Core Software, and Technology Standards), having siloed non-core units into a Portfolio Businesses segment. This pivot, accelerated by the 2025 acquisition of Infinera, focuses on "AI-native" networking to capture demand from the global AI data center supercycle. Nokia competes primarily with Ericsson, Huawei, and Samsung Electronics, distinguishing itself through a "technology leadership" strategy and a strategic partnership with NVIDIA to define 6G standards. Originally founded in 1865 by Fredrik Idestam and Leo Mechelin, Nokia is currently led by President and CEO Justin Hotard, who assumed the role in 2025 to drive the company’s AI-centric evolution. The leadership team includes CFO Marco Wirén and Chief Technology and AI Officer Pallavi Mahajan, a former Intel executive who manages the Nokia Bell Labs research arm. The Board of Directors is chaired by Sari Baldauf, with Timo Ihamuotila serving as Vice Chair and Chair-elect for the April 2026 transition. Beyond its public listing, Nokia’s capital structure is influenced by a $1 billion strategic investment from NVIDIA and major institutional holdings from Solidium Oy (the Finnish state investment arm), BlackRock, and Vanguard.