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Investor Presentaiton

Finnish Wireless Cluster Context for Firm Strategy and Rivalry Factor (Input) Conditions • Substantial public investment in telecommunications-related R&D, with a focus on wireless technology • Significant local venture capital for mobile applications • Finland is becoming an international center for WAP development (e.g., Hewlett Packard, Siemens) Source: "The Economic Impact of Third- Growth Wireless Technology," U.S. Council of Economic Advisors, October 2000 CAON Taiwan Presentation 07-31-01 CK • A history of competition in telecommunications services throughout the 20th century • Early to deregulate in telecom related industries • More than 100 local operators • Active local rivalry in wireless communications ↓ Related and Supporting Industries • Finland is home to Nokia, the world's most competitive handset company • There are approximately 3,000 Finnish firms in telecom and IT related products and services 45 Demand Conditions World's most sophisticated consumers • 70 percent penetration of mobile phones (20 percent of households have abandoned wireline phones) • First country to allocate licenses for 3rd generation wireless networks (3 competitive groups) • Heavy usage of short message services • Finland is a test market for WAP applications Copyright 2001 Professor Michael E. Porter
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