Following Simo Vuorilehto's appointment as CEO, a major restructuring was planned.
With 11 groups within the company, Vuorilehto divested industrial units he deemed as un-strategic.
Nokian Tyres (Nokian Renkaat), a tyre producer originally formed as a division of Finnish Rubber Works in 1932, split away from Nokia Corporation in 1988.
Two years later, in 1990, Finnish Rubber Works followed suit.
In 1991 Nokia sold its computer division, Nokia Data, to UK-based International Computers Limited (ICL), the precursor of Fujitsu Siemens.
Investors thought of this as financial trouble and Nokia's stock price sank as a result.
Finland was now also experiencing its worst recession in living memory, and the collapse of the Soviet Union, a major customer, made matters worse.

Vuorilehto quit in January 1992 and was replaced by Jorma Ollila, who had been the head of the mobile phone business from 1990 and advised against selling that division.
Ollila decided to turn Nokia into a 'telecom-oriented' company, and he eventually got rid of divisions like the power business.
This strategy proved to be very successful and the company grew rapidly in the following years.
Nokia's operating profit went from negative in 1991 to $1 billion in 1995 and almost $4 billion by 1999.

Nokia's first fully portable mobile phone after the Mobira Senator was the Mobira Cityman 900 in 1987.
Nokia assisted in the development of the GSM mobile standard in the 1980s, and developed the first GSM network with Siemens, the predecessor to Nokia Siemens Network.
The world's first GSM call was made by Finnish prime minister Harri Holkeri on 1 July 1991, using Nokia equipment on the 900 MHz band network built by Nokia and operated by Radiolinja.
In November 1992, the Nokia 1011 launched, making it the first commercially available GSM mobile phone.

Salora Oy as a Nokia subsidiary ended in 1989 when the division was merged into Nokia-Mobira Oy.
The brand continued to be used for televisions until 1995.

On 12 June 1996, Nokia announced the sale of its television business to Canada/Hong Kong-based Semi-Tech Corporation.
The television manufacturing plant in Germany closed down in September 1996.
The sale included a factory in Turku, and the rights to use the Nokia, Finlux, Luxor, Salora, Schaub-Lorenz and Oceanic brands until the end of 1999.
Some of these brands were later sold to other companies.

Nokia was the first to launch digital satellite receivers in the UK, announced in March 1997.
In August 1997 Nokia introduced the first digital satellite receiver with Common Interface (CI) support.
In 1998 Nokia became the chosen supplier to produce the world's first digital terrestrial television set-top boxes by British Digital Broadcasting (BDB), which was eventually launched as ONdigital.

In October 1998, Nokia overtook Motorola to become the best-selling mobile phone brand, and in December manufactured its 100 millionth mobile phone.
A major reason why Nokia grew against its main competitors Motorola and Ericsson was that it managed to cater to the consumer youth market and fashion-oriented consumers, most significantly with the Nokia 5110 and 3210 handsets which featured a large range of colourful and replaceable back-covers called Xpress-on.
One of the earliest fashion phones in 1992, from Swiss watchmaker Swatch, was based on Nokia's 101 handset.
The company would also form the Vertu division, creating luxury mobile handsets.

Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub-woofer.
In May 1999 Nokia introduced their first wireless LAN products.
In January 2000 ViewSonic acquired Nokia Display Products, the division making displays for personal computers.
On 26 April 2001 Nokia partnered with Telefonica to supply DSL modems and routers in Spain.

In 1998, Nokia co-founded Symbian Ltd. led by Psion to create a new operating system for PDAs and smart mobile phones as a successor of EPOC32.
They released the Nokia 9210 Communicator running Symbian OS in 2001 and later that year created the Symbian Series 60 platform, l
Following Simo Vuorilehto's appointment as CEO, a major restructuring was planned. With 11 groups within the company, Vuorilehto divested industrial units he deemed as un-strategic. Nokian Tyres (Nokian Renkaat), a tyre producer originally formed as a division of Finnish Rubber Works in 1932, split away from Nokia Corporation in 1988. Two years later, in 1990, Finnish Rubber Works followed suit. In 1991 Nokia sold its computer division, Nokia Data, to UK-based International Computers Limited (ICL), the precursor of Fujitsu Siemens. Investors thought of this as financial trouble and Nokia's stock price sank as a result. Finland was now also experiencing its worst recession in living memory, and the collapse of the Soviet Union, a major customer, made matters worse.
Vuorilehto quit in January 1992 and was replaced by Jorma Ollila, who had been the head of the mobile phone business from 1990 and advised against selling that division. Ollila decided to turn Nokia into a 'telecom-oriented' company, and he eventually got rid of divisions like the power business. This strategy proved to be very successful and the company grew rapidly in the following years. Nokia's operating profit went from negative in 1991 to $1 billion in 1995 and almost $4 billion by 1999.
Nokia's first fully portable mobile phone after the Mobira Senator was the Mobira Cityman 900 in 1987. Nokia assisted in the development of the GSM mobile standard in the 1980s, and developed the first GSM network with Siemens, the predecessor to Nokia Siemens Network. The world's first GSM call was made by Finnish prime minister Harri Holkeri on 1 July 1991, using Nokia equipment on the 900 MHz band network built by Nokia and operated by Radiolinja. In November 1992, the Nokia 1011 launched, making it the first commercially available GSM mobile phone.
Salora Oy as a Nokia subsidiary ended in 1989 when the division was merged into Nokia-Mobira Oy. The brand continued to be used for televisions until 1995.
On 12 June 1996, Nokia announced the sale of its television business to Canada/Hong Kong-based Semi-Tech Corporation. The television manufacturing plant in Germany closed down in September 1996. The sale included a factory in Turku, and the rights to use the Nokia, Finlux, Luxor, Salora, Schaub-Lorenz and Oceanic brands until the end of 1999. Some of these brands were later sold to other companies.
Nokia was the first to launch digital satellite receivers in the UK, announced in March 1997. In August 1997 Nokia introduced the first digital satellite receiver with Common Interface (CI) support. In 1998 Nokia became the chosen supplier to produce the world's first digital terrestrial television set-top boxes by British Digital Broadcasting (BDB), which was eventually launched as ONdigital.
In October 1998, Nokia overtook Motorola to become the best-selling mobile phone brand, and in December manufactured its 100 millionth mobile phone. A major reason why Nokia grew against its main competitors Motorola and Ericsson was that it managed to cater to the consumer youth market and fashion-oriented consumers, most significantly with the Nokia 5110 and 3210 handsets which featured a large range of colourful and replaceable back-covers called Xpress-on. One of the earliest fashion phones in 1992, from Swiss watchmaker Swatch, was based on Nokia's 101 handset. The company would also form the Vertu division, creating luxury mobile handsets.
Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub-woofer. In May 1999 Nokia introduced their first wireless LAN products. In January 2000 ViewSonic acquired Nokia Display Products, the division making displays for personal computers. On 26 April 2001 Nokia partnered with Telefonica to supply DSL modems and routers in Spain.
In 1998, Nokia co-founded Symbian Ltd. led by Psion to create a new operating system for PDAs and smart mobile phones as a successor of EPOC32. They released the Nokia 9210 Communicator running Symbian OS in 2001 and later that year created the Symbian Series 60 platform, l
Nokia