Helsinki, Sept 26: Nokia, the world's leading mobile phone maker, said today that it would reorganise its corporate structure into four divisions to "focus on convergence, new mobility markets and growth". The new group structure, to come into effect at the beginning of 2004, will divide the company into four separate business areas, mobile phones, multimedia, networks and enterprise solutions, Nokia said.
"The industry and corporate structures that were established a decade ago at the dawn of mobile communications were very different from what is needed going ahead," Jorma Ollila, president and chief executive of Nokia, noted. "With our flexibility and the new structure we are truly in the best position to bring the benefits of mobility to everyone and to take the opportunity of the next growth wave in this industry," he added.
Currently Nokia is made up of two business groups, mobile phones and networks, as well as a separate venture fund and a research unit. Nokia's mobile phone division, which contributes most of the group's income, was restructured into nine units last year.
Of the two new divisions, spun off from the mobile phone side, the consumer-oriented multimedia unit will provide games, music, entertainment and other content to handsets and mobile devices.
The enterprise solutions division, focusing on business clients, aims at bringing mobile access to corporate networks for professionals who travel frequently, like salespeople and maintenance personnel. Bureau Report