Nokia, headquartered in Espoo, Finland, is a multinational telecommunications and information technology company. It was founded in 1865 as a pulp mill and went on to become one of the leading mobile phone manufacturers in the world. However, due to increasing competition in the smartphone market, Nokia sold its handset division to Microsoft in 2014 and shifted focus to other areas of technology.

Nokia's main products and services include network infrastructure, software solutions, and various technologies for the telecommunications industry. The company operates through four segments: Networks, Nokia Software, Nokia Technologies, and Group Common. Networks is the largest segment, providing products and services for mobile, fixed, and IP networks.

Nokia Software offers a range of software solutions to manage and optimize network performance. Nokia Technologies develops and licenses intellectual property, and Group Common provides shared services to the other segments. On a global scale, Nokia has a strong presence and operates in various countries.

The company has established several noteworthy subsidiaries, including Nokia Networks, Nokia Solutions and Networks, and Nokia Siemens Networks. Nokia has also formed strategic partnerships and joint ventures with other companies, such as Alcatel-Lucent, HMD Global, and China Mobile Communications Corporation, to expand its market reach and offerings. In terms of market position, Nokia is a significant player in the telecommunications industry.

It competes with companies like Ericsson, Huawei, and Samsung. Nokia's networks segment is a leading provider of network infrastructure globally, and its software solutions are widely used by network operators. Despite the decline in the mobile phone market, Nokia has successfully diversified its business and achieved growth through its focus on network technologies and software solutions.

In recent years, Nokia has undergone several major events and changes. It acquired Alcatel-Lucent in 2016, bolstering its network capabilities and market share. The company has also made advancements in 5G technology and has secured numerous contracts with telecom operators worldwide.

Nokia continues to innovate and invest in emerging technologies to maintain its competitive position. As of the latest updates, Nokia reported solid financial results in the first quarter of 2021, driven by 5G network deployments and increased demand for its software solutions. The company remains committed to delivering next-generation technologies and contributing to the digital transformation of industries worldwide