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Knut Fredrik Idestam (28 October 1838, Tyrväntö, Grand Duchy of Finland – 8 April 1916, Helsinki, Grand Duchy of Finland) was a Finnish mining engineer and businessman, best known as a founder of Nokia . In May 1865, Idestam obtained a permit to construct a groundwood paper mill at Tampere, Finland. The mill began operations in 1866.
Idestam was the general manager and chairman of the Paper Association until 1903. He retired from the management of Nokia in 1896. He was succeeded as general manager by his son-in-law Gustaf Fogelholm and as chairman of the board by Leo Mechelin.
- Birth of Nokia in 1865
- Expansion of Nokia
- Creation of Nokia Corporation in 1967
- Interest in Telecommunications
- Restructuring of Nokia
- Golden Era of Nokia
- Downfall of Nokia
- Buyout of Nokia’s Mobile-Phone Division
- Creation of Nokia Networks
- HMD Global Buys Nokia’s Mobile Phone Division
In 1865, Fredrik Idestam established a paper mill in southern Finland, and in 1868, he established a second paper mill near the town of Nokia. After three years, in 1871, with his friend Leo Mechelin, Idestam formed a shared company called Nokia Ab. Fredrik Idestam retired and Leo Mechelin became the chairman of the company in 1896.
After the retirement of his friend, Leo Mechelin expanded Nokia Ab’s operations, in 1902, into electricity generation. Fredrik was not in favour of this, but the expansion of operations didn’t stop. In 1922, Nokia Ab was nearing bankruptcy because of World War I. To save the same, Finnish Rubber Works acquired Nokia. It also acquired Suomen Kaapeli...
In 1967, the turning point of Nokia arrived. The three companies – Nokia Ab, Finnish rubber works, and Kaapelitehdas – merged together giving rise to the Nokia corporation we know today. Nokia corporation restructured itself into four major businesses – rubber, cable, forestry, and electronics. Nokia also started making communicating devices and M6...
Kari Kairamo took the seat of CEO in 1977 and transformed Nokia. During his time as CEO, Nokia acquired Salora, a television-maker in 1984. It acquired Luxor Ab, electronics and computer-maker, in 1985 and then in 1987, French television company Oceanic. This trend continued as Nokia acquired Mobira, a mobile-phone maker, which would help the compa...
After Simo Vuorilehto’s appointment, a major restructuring was planned. Many of the groups within the company were divested. Finnish rubber works separated from Nokia. The computer-division, Nokia Data, was sold in 1991, to a UK-based International Computer Limited. It looked like Nokia was financially struggling, as a result, its stock prices shra...
In 1992, Nokia introduced the world’s first commercially available GSM phone, Nokia 1011, which was used by the Finnish Prime Minister Harri Holkeri to make the world’s first GSM call. After this event, Nokia’s name spread like wildfire throughout the world. In 1998, it overtook Motorola and became the No.1 phone manufacturer in the world. Nokia be...
From being the largest telecom company in the world in 2007 to being on the brink of bankruptcy in 2013, Nokia saw their worst days. The downfall of Nokia was a consequence of many internal and external factors. There were many reasons that led to the failure of Nokia. Among them, the major reasons were: 1. The top management was too slow on making...
In 2010, Stephen Elop became the new CEO of Nokia. One year later, Nokia announced a strategic partnership with Microsoft and adopted Windows OS for the phones. This decision was taken in hopes of reviving Nokia as a smartphone brand. The main problem with Windows phones was the limited number of apps. Nokia sales declined further in 2012 and 2013....
In 2007, Nokia had started a 50/50 joint venture with Siemens Communications. The venture was called Nokia Siemens Networks. It became a subsidiary of Nokia Corporation. After the sale of its mobile phone division, Nokia focused on data networking and telecommunications equipment. In 2013, it acquired 100% shares of Nokia Siemens Networks and rebra...
HMD Global is a Finnish mobile phone company made by previous executives of Nokia. It bought back the mobile phone division from Microsoft in 2016. It learned from past mistakes and partnered with Google’s Android One program. In 2017, HMD global released the iconic Nokia 3310, which was well-received by the general public. On March 19th, 2020, it ...
Mar 29, 2022 · Genealogy for Knut Fredrik Idestam (1838 - 1916) family tree on Geni, with over 230 million profiles of ancestors and living relatives.
- Maria Rosina Krook, N. Idestam
- April 8, 1916
- October 28, 1838
Nokia, once a world-leading mobile phone corporation, was founded by Mechelin and his student days' roommate Fredrik Idestam as a forestry company. [2] Later, Mechelin's wish to expand into the electricity business was at first thwarted by Idestam's opposition, but Mechelin managed to convince most shareholders of his plans and became the ...
Fredrik Idestam. Knut Fredrik Idestam (28 October 1838, Tyrväntö, Grand Duchy of Finland – 8 April 1916, Helsinki, Grand Duchy of Finland) was a Finnish mining engineer and businessman, best known as a founder of Nokia.
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Apr 14, 2023 · Fredrik Idestam was a Finnish entrepreneur who is best known for founding Nokia, a multinational telecommunications company. Born on August 28, 1838, in the town of Tampere, Finland, Idestam grew up in a family of merchants and was educated in Helsinki, where he studied engineering.
