NOKIA CORPORATION in Cloud Radio Access Network (C-RAN) Solutions

Nokia leverages upon its strong multivendor relationship with key players to provide customized service to clients for suiting their requirements. This helps the company provide very efficient innovative solutions, thereby increasing the customer satisfaction. The company is continuously innovating to broaden its product portfolio to cater to the changing demands of its customers. Leveraging upon its expertise in global network solutions, it is helping its customers maximize the efficiency of their services. It has substantially invested a large amount of its annual revenue in R&D. For instance, it invested 16.6% in R&D in 2014 and increased it to 16.6% in 2015, and 20.8% in 2016. With the acquisition of Alcatel-Lucent Enterprise in November 2016, Nokia has improved its innovation capability, enhanced its product portfolio, increased its customer base, and approximately doubled its employee base. Nokia primarily focuses on the inorganic growth strategy of partnerships, agreements, and acquisitions.