Sun, Oct 19, 2003 - Page 11 News List

Nokia's Ollila bets on game phone to counter sales drop

BLOOMBERG

Mobile-phone sales account for 79 percent of revenue at Nokia, which makes more than every third cellular phone in the world.

Network revenue probably slid 17 percent to 1.28 billion euros.

Ollila last month also announced a reorganization to reflect his strategy to sell phones offering more than voice capabilities.

The Finnish national was paid 2.9 million euros last year in salary and bonus. He also received about 13.6 million euros by selling Nokia options last year.

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