Nokia reveals new logo

Pekka Lundmark takes the role of CEO for Nokia's telecom equipment arm recently.

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The CEO stressed a three-phase plan - reset, accelerate and scale.

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Restricting its logo for the first time, concludes the first step signaling the strategy shift.

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Nokia is now focusing on accelerating its operations after sixty years of journey.

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Nokia is to lose its iconic blue color, given no specific color scheme is assigned.

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According to CEO Lundmark, Nokia is not just a smartphone company anymore.

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Nokia now is more to cater a business technology company.

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Alongside growing its telecom equipment business, Nokia is going soon in selling gears to relevant businesses.

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To compete with Microsoft and Amazon, Nokia will sell private 5G networks and equipment for automated factories.

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As per the approach of Lundmark, Nokia will diversify its business in other areas as well.

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Everything about Smartphones OiSpice

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