Nokia to acquire leading consumer email and instant messaging provider OZ Communications

    Service enables out-of-the-box access to popular consumer email and IM

    ESPOO, Finland and MONTREAL, Canada, Sept. 30 /CNW/ - Nokia and OZ
Communications today announced that Nokia is to acquire OZ, a privately held
company with approximately 220 employees and headquartered in Montreal,
Canada. OZ, the leading consumer mobile messaging solution provider, delivers
access to popular instant messaging and email services on consumer mobile
    "With OZ, Nokia is renewing its mission of Connecting People by enabling
consumers to easily connect and communicate using their favorite Internet
communities," said Niklas Savander, Head of Nokia Services & Software. "OZ's
team and technology will help Nokia to address the fast growing consumer
messaging market."
    By acquiring OZ, Nokia will enable easy-to-use, fast access to leading
instant messaging and email services, including AOL(R), Gmail, ICQ(R), Windows
Live(TM) Hotmail, Windows Live(TM) Messenger and Yahoo!(R). With more than
5.5 million monthly paid users, OZ's solutions have been deployed by leading
mobile operators on a wide array of mobile device platforms.
    "OZ has been working closely with Nokia since 2003 - joining forces at
this point is a natural extension of our partnership," said Jim Knapik,
President and CEO of OZ. "We are excited about taking OZ's solutions to
consumers worldwide by leveraging Nokia's devices and distribution scale."
    The expertise and technology Nokia acquires through OZ is complementary
to Nokia's existing portfolio of messaging solutions and will provide a
complete portfolio of mobile messaging solutions for Series 40 and S60
devices. Nokia will continue to work closely with OZ's existing original
equipment manufacturer (OEM) and mobile operator customers.
    The acquisition is subject to customary closing conditions and is
expected to be completed in the fourth quarter 2008. After the closing, OZ
will become part of Nokia's Services & Software operative unit.

    About Nokia

    Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We make a
wide range of mobile devices with services and software that enable people to
experience music, navigation, video, television, imaging, games, business
mobility and more. Developing and growing our offering of consumer Internet
services, as well as our enterprise solutions and software, is a key area of
focus. We also provide equipment, solutions and services for communications
networks through Nokia Siemens Networks.

    About OZ

    OZ empowers consumers to stay connected with the most popular messaging
and Internet services, including IM, email and online communities, through
their mobile phones. Working with the leading mobile operators, handset
manufacturers, portals and online communities, OZ delivers innovative and
standards-based solutions that provide rich and fully integrated messaging
experiences on millions of mobile devices. Leading companies that are Powered
by OZ(TM) include: 3 Scandinavia, Alcatel Lucent, Alltel, AOL(R), Bell
Mobility, Boost Mobile, AT&T, Dobson, HTC, ICQ, LG, Microsoft, Motorola,
Nokia, Orange France Telecom, Palm, Pantech & Curitel, Rogers Wireless,
Samsung, SonyEricsson, Sprint Nextel, TCL & Alcatel Mobile Phones, TDC,
Telefsnica Msviles Espana, Telenor Group, TeliaSonera, Telus Mobility,
T-Mobile USA(R),T-Mobile International, UTStarcomm, Verizon Wireless, Virgin
Mobile USA and Yahoo! (R).
    OZ is a privately held company headquartered in Montreal, Canada, with
regional offices in the United States, Europe and India. For more information,
visit the OZ website at

    It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A) the
timing of product, services and solution deliveries; B) our ability to
develop, implement and commercialize new products, services, solutions and
technologies; C) expectations regarding market growth, developments and
structural changes; D) expectations regarding our mobile device volume growth,
market share, prices and margins; E) expectations and targets for our results
of operations; F) the outcome of pending and threatened litigation; G)
expectations regarding the successful completion of contemplated acquisitions
on a timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions are forward-looking statements. These statements
are based on management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) competitiveness of our product, service and solutions
portfolio; 2) the extent of the growth of the mobile communications industry
and general economic conditions globally; 3) the growth and profitability of
the new market segments that we target and our ability to successfully develop
or acquire and market products, services and solutions in those segments; 4)
our ability to successfully manage costs; 5) the intensity of competition in
the mobile communications industry and our ability to maintain or improve our
market position or respond successfully to changes in the competitive
landscape; 6) the impact of changes in technology and our ability to develop
or otherwise acquire complex technologies as required by the market, with full
rights needed to use; 7) timely and successful commercialization of complex
technologies as new advanced products, services and solutions; 8) our ability
to protect the complex technologies, which we or others develop or that we
license, from claims that we have infringed third parties' intellectual
property rights, as well as our unrestricted use on commercially acceptable
terms of certain technologies in our products, services and solution
offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 10) Nokia Siemens Networks' ability to achieve the
expected benefits and synergies from its formation to the extent and within
the time period anticipated and to successfully integrate its operations,
personnel and supporting activities; 11) whether, as a result of
investigations into alleged violations of law by some current or former
employees of Siemens AG ("Siemens"), government authorities or others take
further actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by Siemens to
Nokia Siemens Networks, or there may be undetected additional violations that
may have occurred prior to the transfer, or ongoing violations that may have
occurred after the transfer, of such assets and employees that could result in
additional actions by government authorities; 12) any impairment of Nokia
Siemens Networks customer relationships resulting from the ongoing government
investigations involving the Siemens carrier-related operations transferred to
Nokia Siemens Networks; 13) occurrence of any actual or even alleged defects
or other quality issues in our products, services and solutions; 14) our
ability to manage efficiently our manufacturing and logistics, as well as to
ensure the quality, safety, security and timely delivery of our products,
services and solutions; 15) inventory management risks resulting from shifts
in market demand; 16) our ability to source sufficient amounts of fully
functional components and sub-assemblies without interruption and at
acceptable prices; 17) any disruption to information technology systems and
networks that our operations rely on; 18) developments under large, multi-year
contracts or in relation to major customers; 19) economic or political turmoil
in emerging market countries where we do business; 20) our success in
collaboration arrangements relating to development of technologies or new
products, services and solutions; 21) the success, financial condition and
performance of our collaboration partners, suppliers and customers; 22)
exchange rate fluctuations, including, in particular, fluctuations between the
euro, which is our reporting currency, and the US dollar, the Chinese yuan,
the UK pound sterling and the Japanese yen, as well as certain other
currencies; 23) the management of our customer financing exposure; 24)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 25) unfavorable outcome of litigations; 26) our ability to recruit,
retain and develop appropriately skilled employees; 27) the impact of changes
in government policies, laws or regulations; and 28) our ability to
effectively and smoothly implement our new organizational structure; as well
as the risk factors specified on pages 10-25 of Nokia's annual report on Form
20-F for the year ended December 31, 2007 under "Item 3.D Risk Factors." Other
unknown or unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ materially from
those in the forward-looking statements. Nokia does not undertake any
obligation to update publicly or revise forward-looking statements, whether as
a result of new information, future events or otherwise, except to the extent
legally required.

For further information:

For further information: Media Enquiries: Alison Mullen, Ketchum Public
Relations, (416) 355-7421,

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