In January 2018, Nokia signed a deal with NTT Docomo, Japan's largest mobile operator, to provide

5G wireless radio base stations in the country by 2020.[174] Later that month, Nokia announced the
ReefShark line of 5G chipsets, claiming that it triples bandwidth to 84 Gbit/s.[175] In March, Solidium,
the investment arm of the Finnish Government, purchased a 3.3% stake in Nokia valued at €844
million.[176] In May, Nokia announced that it had acquired a California-based IoT startup, SpaceTime
Insight.[177]
In January 2019, the Canadian government announced that it would provide $40 million to support
Nokia's research on 5G technology.[178] A 2019 study revealed that Nokia phones performed far better
than rivals Samsung, LG, Xiaomi, and Huawei in updating to the latest version of Android. The
study, made by Counterpoint Research, found that 96 percent of Nokia phones were either sent with
or updated to the latest Android version since Pie was released in 2018. Nokia's competitors were
found to be all around roughly the 80 percent range.[179]
2020–present[edit]
On 2 March 2020, Nokia announced Pekka Lundmark as its new CEO.[180] Later that month, Nokia
completed the acquisition of Elenion Technologies, a U.S.-based company focusing on silicon
photonics technology to improve economics of advanced optical connectivity products.[181]
On 27 May 2020, Sari Baldauf succeeded Risto Siilasmaa as chairwoman of the board of directors,
and Kari Stadigh was appointed vice chair. In June, Nokia won a 5G contract worth approximately
$450 million[182] from Taiwan Mobile to build out the telecom operator's next-generation network as
the sole supplier.[183] In October, Nokia announced a contract with NASA to build a 4G mobile network
for astronaut usage on the moon. The $14.1 million contract, through subsidiary Bell Labs, was
expected to begin in 2022.[184][185][186]
In 2020, Flipkart collaborated with Nokia to market Nokia-branded consumer products in India.
These included televisions, a laptop and a range of air conditioners.[187] In April 2022, Nokia
announced that it would exit the Russian market following the country's invasion of Ukraine. The
company stated that the decision would not affect its financial outlook as Russia accounted for less
than 2% of Nokia's net sales in 2021.[188]
In February 2023, Nokia introduced a new logo for the first time in nearly 60 years [189] to change its
brand identity as people still associated the previous logo with mobile phones. [190] The new logo was
designed by Lippincott.[191]
In December 2023, Nokia acquired Fenix Group to strengthen its wireless offering in the defense
segment for an undisclosed amount.[192] In the same month, Nokia announced a €185 million deal
with Lumine Group to carve out its device management business (inherited from Alcatel-Lucent's
purchase of Motive, Inc.) and its service management business (formerly Mformation). The deal
completed in April 2024 and involved the transfer of around 500 Nokia employees. [193][194]
In February 2024, the company announced that it was accelerating its carbon neutrality target by 10
years to 2040 after having previously committed to cutting its carbon footprint across emissions
scopes in half by 2030 from a 2019 baseline.[195]