Tero, Wireless Local Area Networks (LAN), Internet Protocol (IP) and digital broadcasting.
Could this be part of the IDC and Nokia relationship ?
HELSINKI, Finland, Oct 22, 1999 (BUSINESS WIRE) -- Nokia today
announced the formation of a new unit, Nokia Home Communications, which
will focus on the development of digital home platforms and IP
technology-based communications solutions for the home environment. The
new unit will combine Nokia's strong expertise in various technologies
such as Wireless Local Area Networks (LAN), Internet Protocol (IP) and
digital broadcasting.
Pekka Ala-Pietila, President, Nokia, commented: "Nokia's Global IP
Mobility strategy features three environments: Personal, Office and
Home. In the future IP based applications and terminals will work
seamlessly among all three environments. We therefore recognize the
vital importance of having a powerful position in the Home Environment.
To ensure a strong focus for Nokia Home Communications it will be part
of Nokia Ventures Organization."
Heikki Koskinen, head of Nokia Home Communications, said: "We believe
that the global market for Home Environment related products will
develop in a very positive and fascinating way in the future. Bringing
broadband access to the home opens up new opportunities for operators
and service providers, enabling them to provide Internet related and
other new services to consumers. The development of open
standards-based Internet-enhanced television solutions announced last
week in cooperation with Intel is the first example of how we will be
creating digital home platforms."
Nokia Home Communications will be headquartered in Linkoping, Sweden.
Nokia Ventures Organization explores new business areas facilitating
future growth and boosting Nokia's product and long term business
development. To date, Nokia Ventures Organization includes Nokia
Internet Communications, Nokia Home Communications, Nokia Ventures Fund
and an internal venturing unit.
Nokia is paving the way to the mobile information society with its
innovative products and solutions. Nokia is the leading mobile phone
supplier and a leading supplier of mobile, fixed and IP networks
including related services. It also supplies multimedia terminals and
computer displays. In 1998, net sales totaled EUR 13.3 billion (USD
15.7 billion). Headquartered in Finland, Nokia is listed on the New
York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock
exchanges and employs more than 53 000 people.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Jyrki Rosenberg
Communications Manager
Nokia Ventures Organization
Tel: +358 9 5116 2127
Fax +358 9 5116 2590
www.nokia.com |
