Nokia announced on Tuesday that content for the wireless Internet is vital for attracting more mobile phone users, including in emerging markets.
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"We are looking as a company as to how to facilitate and participate in creating content that is actually relevant for the consumers in emerging markets," Oistamo said in a speech at a telecoms forum at Helsinki University of Technology.
The target market will define what will globally be the next big thing in mobile phones, Oistamo said, but added that location-based services combined with social networks would be one of them.
Nokia's recent acquisitions have supported a content strategy as the company has made moves to transform itself from being a pure hardware company into becoming an online services company.
In July Nokia said it would acquire social networking and photo-sharing site Twango, as millions of users flock to similar sites like MySpace and Facebook. Nokia also recently launched Internet services portal Ovi.
And earlier this month Nokia launched an $8.1 billion offer for the U.S. digital map supplier Navteq (NVT.N), which would be its largest ever acquisition.
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