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Nokia was too slow at start of  smartphone era, says Ollila

Nokia will launch a range of tablets and “hybrid” smart mobile devices as it seeks to turn round the fortunes of its ailing handset business, chairman Jorma Ollila has told the Financial Times.

In the week that he leaves the mobile phone company after 27 years, Mr Ollila said Nokia could bounce back from its recent slump in sales and profits with exciting “form factors” for devices and exclusive services.

Mr Ollila took Nokia from a struggling Finnish industrial group with a market capitalisation of €650m to become the world’s largest phonemaker with an equity value of close to €300bn in the space of a decade after he took over as chief executive in 1992.

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