Nokia is gearing up for the future by altering its company structure starting January 2008. This initiative aims for "greater effectiveness, speed up time to market for new products, and increase the efficiency of its marketing and productization efforts".

According to its press release, there will now be 2 segments - Devices & Services and Nokia Siemens Networks.

"The convergence of the mobile communications and internet industries is opening up new growth opportunities for us, both in the devices business as well as in consumer internet services and enterprise solutions. Growing consumer demand for rich, mobile experiences creates an opportunity for change. Nokia will bring these capabilities to the broadest range of devices and price points. This unleashes the power of Nokia's device volumes, now coupled with new services and business solutions. This distinctive approach sets Nokia apart from point solutions vendors," said Nokia CEO Olli-Pekka Kallasvuo. "We believe this new organization can capitalize on these opportunities while allowing us to increase the effectiveness of our investments and the efficiency of our operations."

Via MoCoNews