Nokia announces reorganisation

The world's number-one mobile-phone maker, Nokia, announced a reorganisation on Wednesday.

Under the new structure, effective next January, the Finnish company will be divided into three units: devices, services and software, and markets.

Those units will replace its current divisions: mobile phones, which makes its cheapest models; enterprise solutions, which aims products at the business market; and multimedia, which produces mobile phones with advanced cameras and music players.

Nokia said the new structure will help it manage its product lineup more effectively, speed up the time it takes to get new models onto the market, and boost its efficiency in marketing and developing products.

The company will also restructure its financial reporting into two segments: devices and services, and Nokia Siemens Networks, which is its infrastructure joint venture with Germany's Siemens.

"The convergence of the mobile communications and internet industries is opening up new growth opportunities for us, both in the devices business as well as in consumer internet services and enterprise solutions," chief executive Olli-Pekka Kallasvuo said in a statement.

He said the reorganisation can take advantage of those opportunities, as well as boost the effectiveness of investments and operational efficiency.

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