Espoo, Finland – Nokia today announced that its latest high performance multimedia computer, the Nokia N93, has been awarded the European Media Phone of the Year 2006-2007 by the European Imaging and Sound Association (EISA), Europe’s largest multimedia press organization. The award is yet another industry recognition of Nokia’s continued commitment to innovation in mobile imaging.

EISA commended the still image and video capture quality of the Nokia N93 plus the extensive internet and connectivity options, dubbing the device the “perfect example of a multimedia computer that can fit in your hands.” The judges also singled out the Nokia N93′s video editing and printing capability and its digital music player for particular praise.

“Nokia is delighted to have its advancements in digital imaging recognized by EISA for the second year running,” said Satu Ehrnrooth, head of Nokia Nseries Cameras, Multimedia, Nokia. “The Nokia N93 represents a new breed of mobile imaging device. Users will find all of the exceptional connectivity, communication and entertainment features you would expect from a multimedia computer whilst also providing always-with-you imaging facilities to match dedicated compact cameras or video recorders.”

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Plus Nokia’s online mobile movie community goes interactive

Espoo, Finland – A new short film, by award-winning actor and film-maker Gary Oldman, shot on the new Nokia N93 multimedia computer premieres today. Entitled Donut, the film is being screened on the Nokia Nseries Studio, a groundbreaking online mobile movie community where aspiring directors can now upload and showcase their own mobile videos.

Gary, the director of BAFTA award-winning Nil By Mouth and star of Bram Stoker’s Dracula and Harry Potter: The Prisoner of Azkaban, has produced a two minute short featuring a round reflection in rippling water set to a haunting soundtrack. The film demonstrates not only the DVD-like video capture quality of the Nokia N93, but also how advanced mobile video devices offer the unique ability to shoot and share spontaneous instants in everyday life.

To encourage people to record and share moments captured on mobile video devices, Nokia has created the Nokia Nseries Studio (www.nokia.com/nseries/studio), where from today you can upload your own mobile short films either from your PC or from your mobile device. The site is designed to promote mobile moving making: you can find inspiration from Gary’s film or some of the other videos shot on a Nokia N93 by creative visionaries from around the world, plus new themes to explore with your mobile video device are regularly posted on the site. More►

Ericsson (NASDAQ:ERICY) has finalized a number of major GSM expansion contracts with China Mobile Communications Corporation (China Mobile) during the first half of 2006. Collectively worth more than USD 550 million, the contracts cover expansion projects in 17 regions and further strengthen Ericsson’s position as the leading mobile communications supplier in the Chinese market.

Under the contracts, Ericsson will provide China Mobile with core and radio networks, along with related technical support and services. Ericsson will also deploy its Mobile Softswitch Solution. The expansion projects will not only allow China Mobile to boost network capacity while enhancing operational efficiency and cutting costs, but also take an important step in realizing future network evolution.

Upon completion of the projects, the Ericsson-supplied network equipment will be able to support up to 200 million subscribers across the 17 regions. Deliveries of the contracts have already started. More►

Espoo, Finland – Nokia today announced that it has started deliveries of Nokia N71 to Vodafone K.K. in Japan. The “Nokia N71″ (*1) is its first product to be introduced in Japan under the Nokia Nseries sub-brand, Nokia’s high performance multimedia range with sophisticated design. The Nokia N71 customized for Vodafone K.K. will be marketed in Vodafone K.K.’s 3G lineup under the name “Nokia N71 (Vodafone 804NK)” and will be commercially available in Japan from August 12.

The Nokia N71 (Vodafone 804NK) delivers excellent 3G functionality as a rich multimedia device, which is compactly packaged in a simple yet elegant foldable form. The Nokia N71 (Vodafone 804NK) keeps consumers entertained with the music player function and FM radio, which allows users to listen to their favorite music at anytime. The Nokia N71 (Vodafone 804NK) also supports the new Nokia Web Browser (*2) enabling users to enjoy the website they check on PCs. Furthermore, the device also comes with a 2 megapixel camera, office documents viewer (*3), e-mail client, and synchronization capabilities with compatible PCs.

The Nokia Nseries devices are high performance, multimedia devices launched by Nokia last year, which incorporate superior design and usability and provides users with a simple and reliable way to tap into new multimedia experiences. Nokia has introduced nine Nokia Nseries models to-date and we had announced in the Nokia Q2 results that Nokia had sold more than 3 million units Nokia Nseries devices to the market during Q2, 2006. More►

Ericsson (NASDAQ:ERICY) has signed a frame agreement with Deutsche Telekom and its broadband/fixed-network business unit T-Com. T-Com will use Ericsson’s cutting-edge EDA solution for the expansion of its German broadband network.

With EDA, Germany’s leading fixed-network provider will bring its broadband services to areas where DSL (Digital Subscriber Line) has so far been unavailable. The rollout has already started for fiber-to-the-curb areas in Germany.

Under the agreement, Ericsson will deliver all nodes required for the different areas of the access network. Ericsson EDA will be completely integrated into the existing T-Com network architecture, allowing the operator to efficiently increase high-performance broadband coverage nationwide and increase speed up to 6Mbps.

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Espoo, Finland – Nokia announced today that it has filed a complaint against Qualcomm with the Delaware Court of Chancery in the U.S. Nokia is asking the Court to order Qualcomm to abide by its written contractual obligations to international standards setting organizations to license intellectual property essential to GSM and UMTS technology standards on fair, reasonable, and non-discriminatory (FRAND) terms. Additionally, Nokia is seeking a Court order to affirm that Qualcomm is not entitled to injunctive relief in relation to alleged infringement of patents declared essential to a standard.

Qualcomm has filed three separate legal actions against Nokia in U.S. Federal Court, a court in the United Kingdom and the U.S. International Trade Commission where it has requested injunctions against Nokia. Nokia is taking this action as a defensive measure to ensure there is a consolidated forum for addressing these issues and is asking the Court to enforce Qualcomm’s obligation to negotiate royalties on FRAND terms. Additionally, Nokia is asking the Court to affirm the key elements of FRAND, where the two companies to-date have had differing views, to solidify a framework for future intellectual property licensing negotiations.

This action seeking resolution through the Court follows the European Telecommunications Standardization Institute (ETSI) dispute resolution process.

President & CEO Gary D. Forsee will announce the company’s 4G technology decision as well as its strategic plans to deploy a next generation wireless broadband network. Sprint Nextel will provide details on its 4G business model, financials expectations and network build-out timing. Q&A to follow.

Espoo, Finland – Chunghwa Telecom Co., Ltd. (CHT) has awarded a turnkey network expansion contract to Nokia. The deal expands CHT’s WCDMA 3G and HSDPA network coverage and paves the way for smooth network evolution. Deliveries and deployment will start immediately.

Under the agreement, Nokia will deploy WCDMA 3G radio and core networks. Nokia will also provide turnkey services including network planning, other support services, deployment and optimization of Nokia HSDPA that was provided earlier. The deal brings Nokia’s managed services references to 40 contracts in 31 countries. The network will be supported by, Nokia NetAct(TM) network and service management system.

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Espoo, Finland / Seattle, USA – Nokia (NYSE: NOK) and Loudeye Corp. (Nasdaq: LOUD) today announced that they have signed an agreement for Nokia to acquire Loudeye for approximately USD 60 million. Loudeye is a global leader of digital music platforms and digital media distribution services. Under the terms of the agreement, Loudeye stockholders will receive USD 4.50 per share in cash for each share of Loudeye common stock. By acquiring Loudeye, Nokia can offer consumers a comprehensive mobile music experience, including devices, applications and the ability to purchase digital music.

The multi-function mobile device will become the preferred medium for enjoying music and Nokia is leading this trend. With music optimized products like the Nokia N91 and other Nokia devices, Nokia sold more than 15 million music enabled devices in the 2nd quarter, making it the world’s largest manufacture of digital music players.

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Espoo, Finland – Nokia announced today that it has been notified of an unsolicited below-market “mini-tender offer” by TRC Capital Corporation of Ontario, Canada to purchase up to 5,000,000 American depositary shares (“ADSs”) of Nokia Corporation (each of which represents one Nokia ordinary share), representing approximately 0.11% of Nokia’s outstanding share capital, at a price of US$19.00 per ADS.

Nokia and its Board of Directors do not in any way recommend or endorse TRC Capital’s mini-tender offer and express no opinion as to whether Nokia ADS holders should tender their ADSs in the mini-tender offer. TRC Capital’s offer price of US$19.00 per ADS represents a 4.04% discount to the US$19.80 closing price of Nokia ADSs on the New York Stock Exchange on July 25, 2006, the day prior to the date of the offer. The offer price is also 3.21% below the August 4, 2006 closing price of US$ 19.63 per Nokia ADS. Nokia notes that it is in no way associated with TRC Capital, the offer or the offer documentation.

TRC Capital’s offer is subject to a number of conditions, including TRC Capital obtaining sufficient financing to consummate the offer on terms acceptable to TRC Capital. There is no assurance that the conditions to the offer will be satisfied.

TRC Capital has made numerous below-market mini-tender offers for the shares of other companies. Mini-tender offers such as these avoid many of the disclosure and procedural requirements of the United States Securities and Exchange Commission (the “SEC”) that are applicable to larger tender offers.

The SEC has issued “Tips for Investors” regarding mini-tender offers, noting that “some bidders make mini-tender offers at below market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” The SEC’s publication on this topic can be found at www.sec.gov/investor/pubs/minitend.htm.

Nokia urges Nokia ADS holders to obtain current market quotations for their ADSs, to consult with their financial advisors and to exercise caution with respect to TRC Capital’s offer. ADS holders who are considering whether to tender their ADSs should request a copy of the offer from TRC Capital or its information agent and review it carefully before deciding whether to tender their ADSs.

Nokia ADS holders who have tendered their ADSs into TRC Capital’s offer are advised that they may withdraw their ADSs as described in TRC Capital’s offer to purchase by providing written notice to the receiving agent for the offer prior to the expiration of the offer, which is currently scheduled to occur at 12:01 a.m. (New York City time) on Thursday, August 24, 2006, but may be extended by TRC Capital.

Nokia also refers broker-dealers and other market participants in the dissemination of the offer to the SEC’s recommendations to broker/dealers in these circumstances, which can be found at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm, and to Information Memo Number 01-27 issued by the New York Stock Exchange on September 28, 2001, regarding dissemination of mini-tender offer materials, which can be found under the “Market Professionals – Information Memos” tab on the NYSE’s website at www.nyse.com.