Nokia Receives Frost & Sullivan Market Engineering Award

Frost & Sullivan, an international market training and growth consulting firm, today recognized Nokia, a world leader in mobile communications, as winner of the 2002 Market Engineering Market Penetration Award in the wireless segment of OSS Service Assurance and OSS Service Fulfillment.

To determine the winner of the Market Penetration Award, Frost & Sullivan analysts interviewed market participants and end-users and conducted extensive secondary research to track sales and brand awareness efforts over the past two years. The deserving company demonstrated excellence in product innovation and marketing and sales strategies, resulting in the largest market share gain.

Nokia leads the wireless segment of the Service Assurance and Fulfillment markets. Nokia offers a variety of support services and options, as well as its NetAct Framework for supporting future IP based networks, in order to provide mobile operators advanced solutions in the quickly changing business environment.

Nokia develops wireless Operations Support Systems (OSS) products internally and with partners and therefore tends to be closer to the market's requirements than others," explains Jim Alsman, Frost & Sullivan OSS Program Leader. "By offering a suite of differentiated products unmatched by other companies, Nokia can attract and satisfy customer requirements better, therefore expanding and fortifying its market reach. By using open-interfaces and de facto standards, Nokia can incorporate additional or differing features into its products much faster than its competitors who must rely on the 'persuade' approach."

"Nokia is honored by Frost & Sullivan's Market Engineering Award," said Jorma Häkkinen, Vice President and General Manager of OSS, Nokia Networks. "This award highlights the value of the unique combination of our network and service management solution - Nokia NetAct."

About Frost & Sullivan
Founded in 1961, Frost & Sullivan is recognized as a global leader in international strategic market consulting and training, with offices located worldwide. Frost & Sullivan presents Market Engineering Awards to companies that demonstrate excellence in their industry. The prestigious awards commend the diligence, commitment, and innovative business strategies required to advance in the increasingly competitive global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a variety of regional and global market landscapes. For further information, visit www.frost.com.

About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is one of the most broadly held companies in the world with listings on six major exchanges.

Further information:
Communications Department, Nokia Networks
Tel. + 358 (0) 7180 38195
E-mail nokia.networks@nokia.com

www.nokia.com