Nokia Oyj is a Finland-based company engaged in telecommunications sector. It has three operating segments: Devices & Services; Location & Commerce, and Nokia Siemens Networks. Devices & Services is responsible for developing and managing the Company’s portfolio of mobile products, as well as designing and developing services, including applications and content. It is divided into two sub-segments: Smart Devices, focusing on smartphones, and Mobile Phones, focusing on mass market feature phones. Location & Commerce focuses on the development of location-based services and local commerce and providing such applications as mobile maps, car navigations systems, and public transport facilities, among others. Nokia Siemens Networks provides a portfolio of mobile fixed and converged network technology, as well as managed services, consultancy and systems integration, deployment and maintenance to operators and service providers. The Company operates a number of subsidiaries worldwide.

As recently as this week, Microsoft revealed that a new version of its software won't run on the existing Lumia range, and a Wall Street analyst said the software giant was looking at making its own phones in direct competition with its new partner.

Over two years, workers at Nokia have become familiar with bad news, but are still not inured to it.

"During my whole time, 15 years and 10 months with Nokia, someone was always saying Nokia will abandon Finland. But it was still a surprise," said Katja Taskinen, who took a buyout offer in an earlier round of cuts this year.

in Egypt, during a press conference for nokia Egypt which took place at the Four Seasons, Mathia Nalappan, Nokia General Manager in North Africa, along with Brad Brockhaug, Nokia Head of Sales of Africa shared with Egyptian media Nokia latest new strategy and future plan. The general manager of the Finnish brand stated “Nokia continues to be committed to the Nokia Egyptian market price and to maintain leadership. We are still keen on having local knowledge and talent in our Egypt office”, Nalappan added. We also will continue to hire directly and indirectly many local talents in our employees, field forces, agencies, distributors, care partners, etc.”