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Nokia's Services & Software Unit Grows and Focuses Its Efforts

Posted on: Wednesday, 20 August 2008, 09:00 CDT

ESPOO, Finland, August 20 /PRNewswire-FirstCall/ -- Nokia's Services & Software unit today announced plans to refine parts of its global research and development activities. While Nokia continues to grow its investments in consumer Internet services, the unit plans to integrate some of our content delivery services into a single service to create a better experience for consumers and to continue increasing investments into key initiatives. Nokia's Internet services strategy continues unchanged with a focus on key service areas such as music, games, messaging and location based services.

Nokia has started today relevant local employee consultations to discuss these plans. These plans concern approximately 200 employees - approximately half in Finland - working in the Services and Software unit. The aim is to find alternative solutions and work for as many employees as possible within Nokia, at which the company has a good track record from previous years.

"This year we plan to hire more people into the Services & Software unit than the number of affected employees, so we expect that many employees will be able to transition to new jobs within Nokia," said Niklas Savander, Executive Vice President, Services & Software. "We have made great progress with the initial offering this year and I see great potential going forward as we bring context aware Internet services to people's pockets. These changes will strengthen our offerings and enable us to accelerate the delivery of new Internet experiences to market."

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

http://www.nokia.com/

Nokia Corporation

CONTACT: Media Enquiries: Nokia, Communications, Tel. +358-7180-34900,Email: press.services@nokia.com

Source: PRNewswire-FirstCall

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