Elisa (company)

Last updated

Elisa Corporation
Native name
Elisa Oyj
Formerly
  • Helsingin Puhelin (until 2000)
  • Elisa Communications Oyj (2000–2003)
Company type Julkinen osakeyhtiö
Nasdaq Helsinki:  ELISA
Industry Telecommunicatons
Founded31 January 1882;142 years ago (1882-01-31) (as HPY, Swedish: HTF)
FounderDaniel Wadén
Headquarters
Helsinki, Uusimaa
,
Finland
Area served
  • Estonia
  • Finland
Key people
ProductsRetail and wholesale fixed-line and mobile telecommunications services, internet services
RevenueIncrease2.svg€2.13 billion (2022) [1]
Increase2.svg€472 million (2022) [1]
Number of employees
Increase2.svg 5,623 (2022) [1]
Website www.elisa.com OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
[2]
Elisa store Elisa store 20180528.jpg
Elisa store

Elisa Corporation (natively Elisa Oyj ) [3] is a Finnish telecommunications company founded in 1882. It was called HPY (Swedish: HTF) until July 2000. The mobile operations of Elisa were previously known as Radiolinja.

Contents

Elisa is a telecommunications, ICT and online service company operating mainly in Finland and Estonia. Elisa has over 6.2 million consumer, corporate and public administration organisation subscriptions.

Largest shareholders are Finnish national institutions (State Pension Fund, City Councils of Helsinki and Vantaa, Solidium Oy, Föreningen Konstsamfundet). [4]

Elisa provides environmentally sustainable services for communication and entertainment, and tools for improving operating methods and productivity of organisations. In Finland Elisa is the market leader in mobile and fixed network subscriptions and in Estonia number two. Cooperation with Vodafone and Telenor enables globally competitive services. Elisa is listed on Nasdaq Helsinki Large Cap with approximately 185,000 shareholders. In 2018, Elisa's revenue was 1.83 billion euros, and the company employed 4,800 people. [5]

New digital services include Elisa Viihde, [6] Elisa Kirja, [7] Elisa Videra, [8] Elisa Automate [9] and Elisa Smart Factory. [10]

History

Elisa was originally established on 31 January 1882 by the electrical engineer Daniel Wadén  [ fi; sv ] as a telephone cooperative called the Helsinki Telephone Association (Finnish : Helsingin puhelinyhdistys, HPY, Swedish : Helsingfors telefonförening HTF). [11] HPY began serving customers on 6 June 1882 by connecting 56 phone numbers; by 1884 the number of yearly calls surpassed one million.

HPY started expanding during the 1920s and 30s by merging with smaller cooperative telephone operators. In 1921, HPY and the over 400 other privately operated telephone cooperatives then existing in Finland formed the Puhelinlaitosten liitto ("Federation of Telephone Companies") consortium, which was renamed as Finnet  [ fi ] in 1996. The company reached its current geographical operating field in 1958. HPY's original form of incorporation, a mutual association, was changed to a legal cooperative ("Helsingin puhelinosuuskunta") in 1995, listed on the Helsinki Stock Exchange as Helsingin Puhelin Oyj in 1997, and then changed again to a joint-stock company under the name HPY Holding Oyj. HPY was eventually demutualised in 2000, and was renamed as Elisa Communications Oyj. Elisa Communications Oyj left the Finnet consortium in 2001, and would eventually unify all of its offerings under the Elisa branding in 2003–2004.

Elisa launched the first commercial GSM service under the Radiolinja brand in 1991 and the world's first commercial UMTS900 network on 8 November 2007.

Investment company Novator Partners acquired a 10.4% stake in Elisa in 2005 through a share swap when Elisa bought the smaller operator Saunalahti, which had been mostly owned by Novator. Novator tried to revamp Elisa in December 2007, but was opposed by Finnish institutions such as Varma Mutual Pension Insurance Company. In October 2008, during the Icelandic financial crisis, Novator sold its entire stake in Elisa to Varma for 194 million euros (US$266 million), a price of €11.20 per share. [12]

On 27 June 2018, Elisa launched the world's first commercial 5G network in the Finnish city of Tampere and in the Estonian capital of Tallinn. [13]

Elisa had previously founded Elisa Automate, a startup focused on automating network using artificial intelligence. Polystar was merged with it, resulting in Elisa Polystar [14] In March 2020, Elisa acquired a majority of US-based CalcuQuote [15] and in 2021 a share of Italian-based sedApta [16] and later during the year majority share of Belgian-based Tenforce.

In April 2022, Elisa acquired Slovak-based FRINX [14] and in August Cardinality Ltd. [17] At the end of 2022, Elisa's 5G network had population coverage of 86% in Finland and 70% in Estonia. [18]

In February 2022, Elisa received a EUR 3.9 million grant from the Finnish Ministry of Economic Affairs and Employment to support its investment in a Distributed Energy Storage (DES) solution based on intelligent management of the backup power of mobile base stations. The aim is to build 150 MWh of storage capacity, making it the largest distributed DES project in Europe. [19]

On the evening of 25 December 2024, authorities were informed of disturbances in four telecommunications cables leaving Finland, with two Elisa cables being completely cut. [20]


Logos

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References

  1. 1 2 3 Parviainen, Juuso. "Elisan hallituksen osinkoehdotus ylitti niukasti odotukset – antoi perinteisen ohjeistuksen tälle vuodelle" [Elisa's board of directors' dividend proposal narrowly exceeded expectations - gave traditional guidance for this year]. Tärkeimmät talousuutiset | Kauppalehti (in Finnish). Retrieved 16 February 2023.
  2. ↑ "ELISA, Elisa Oyj, (FI0009007884)". NASDAQ. Retrieved 20 April 2018.
  3. ↑ "Elisa Oyj". Kauppalehti (in Finnish). Retrieved 5 June 2024.
  4. ↑ "Shareholders". corporate.elisa.com. Retrieved 8 February 2019.
  5. ↑ "Elisa's Financial Statements Release 2018". otp.investis.com. Retrieved 8 February 2019.
  6. ↑ "Elisa Viihde" [Elisa Entertainment=]. elisa.fi. Retrieved 8 February 2019.
  7. ↑ "Elisa Kirja - Helpoin tapa hankkia e-kirja tai äänikirja" [Elisa Kirja - The easiest way to get an e-book or audiobook]. kirja.elisa.fi. Retrieved 8 February 2019.
  8. ↑ "Concepts & Solutions". elisavidera.com. Retrieved 8 February 2019.
  9. ↑ "Elisa Automate - The best mobile network automation solution for operators". Elisa Automate. Retrieved 8 February 2019.
  10. ↑ "Elisa IIoT". www.elisa.com. Retrieved 8 February 2019.
  11. ↑ "History". Elisa.com - Elisa in English. Elisa. Retrieved 13 May 2013.
  12. ↑ Suoninen, Sakari; Virki, Tarmo (13 October 2008). "UPDATE 2-Novator sells Elisa stake for 194 mln euros". Reuters. Archived from the original on 31 May 2009. Retrieved 15 February 2009.
  13. ↑ "Elisa first in world to launch commercial 5G". ePressi (in Finnish). Retrieved 29 June 2018.
  14. 1 2 Tervola, Janne. "Elisa ostaa slovakialaisen it-talon – vihjaa uusista yrityskaupoista" [Elisa buys Slovakian IT house – hints at new acquisitions]. Tivi (in Finnish). Retrieved 16 February 2023.
  15. ↑ "Finnish telecom company takes majority stake in CalcuQuote". evertiq.com. Retrieved 16 February 2023.
  16. ↑ "Telecompaper". www.telecompaper.com. Retrieved 16 February 2023.
  17. ↑ Turner, Annie (12 August 2022). "Elisa Polystar acquires data ingestion, cloud native tech with Cardinality". Mobile Europe. Retrieved 16 February 2023.
  18. ↑ Parviainen, Juuso. "Elisa antoi perinteisen ohjeistuksen vuodelle 2023 – hallituksen osinkoehdotus ylitti odotukset niukasti" [Elisa gave traditional guidance for 2023 – the board's dividend proposal slightly exceeded expectations]. Tivi (in Finnish). Retrieved 16 February 2023.
  19. ↑ Tervola, Janne. "Näin Suomeen syntyy Euroopan suurin hajautettu 150 MWh virtuaalivoimala – Elisa muuntaa yli 2 000 tukiasemaa varavoimaloiksi" [This is how Europe's largest decentralized 150 MWh virtual power plant will be created in Finland - Elisa converts over 2,000 base stations into backup power plants]. Tärkeimmät talousuutiset | Kauppalehti (in Finnish). Retrieved 16 February 2023.
  20. ↑ "Neljässä Suomesta lähtevässä tietoliikennekaapelissa häiriöitä – kaksi Elisan kaapelia on kokonaan poikki" [Disturbances in four telecommunications cables leaving Finland – two Elisa cables are completely cut]. Yle Uutiset (in Finnish). 26 December 2024. Retrieved 26 December 2024.
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