Nokia restructures, turning two businesses into four

Nokia said on Friday that it would reorganise its corporate structure into four divisions to ‘‘focus on convergence, new mobility markets and growth’’.

The new group structure, to come into effect at the beginning of 2004, will divide the company into four separate business areas—mobile phones, multimedia, networks and enterprise solutions, Nokia said. ‘‘The industry and corporate structures that were established a decade ago at the dawn of mobile communications were very different from what is needed going ahead,’’ Jorma Ollila, president and chief executive of Nokia, noted.

‘‘With our