meeting of shareholders of Nokia approved on Tuesday the sale of the mobile business to Microsoft. For the company, which began by making paper pulp almost 150 years ago, is the beginning of a new cycle.
The sale was approved 99.5% of the votes of shareholders 3900. The company has been a successful example in Finland, but since the advent of the iPhone in 2007, saw the mobile phone market slip for brands such as Apple and Samsung.
In September, Microsoft and Nokia have reached an agreement for the business. The American multinational will pay 5400 million by the division of mobile phones and the use of patents related to communications technologies. In 2011, the two companies have signed a strategic partnership. Nokia mobile phones are now responsible for almost all sales of handsets with Windows Phone system.
The purchase will be completed early next year, after receiving approval from regulators.
In a five-hour meeting, the company’s non-executive chairman and interim CEO, Risto Siilasmaa, quoted by the Associated Press, acknowledged that this outcome “will give rise to deep feelings” by the Finns. “This is a very good result,” he said, by his side, a shareholder of a reformed man, to that agency. “It’s a new beginning for Nokia.”
Nokia will be known as Nokia Solutions and Networks and focus will be primarily in the business of telecommunications infrastructure. Nokia had already, in partnership with Siemens, a company in this sector, called Nokia Siemens Networks. This year, the Finnish bought out by Siemens. In addition, the multinational division is also a smaller responsible for mapping services and geolocation.
This is far from the first transformation of the company and until now there was more radical changes. Nokia started in 1865, as a company of pulp, a sector that is still relevant today in the Finnish economy. In the 1960s, entered in the electronics sector. The latest incarnation of the company came from the 1990s, when the mobile phone market has skyrocketed. In 1995, according to accounts of the Finnish economist Ali-Yrkkö the book Nokia and Finland in a Sea of ??Change , the company accounted for 1% of GDP.
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