Published 01-25-05
Submitted by Nokia
Funds will be distributed among the four countries over a five-year period and will support educational initiatives such as the reconstruction of schools and provision of educational equipment, books, supplies, scholarships and teacher training.
Jorma Ollila, Nokia Chairman and CEO said: "During the first crucial days, we channeled our relief efforts into direct cash contributions, product and service donations and extensive employee volunteering. However, with the early-phase response now largely underway, we wanted to set out plans for a more sustainable assistance program in helping people rebuild their lives.
"Education has long been core to Nokia's values and community involvement work. With schools destroyed, teachers lost and children orphaned in the South & South East Asia coastal regions, the fund will support a range of educational needs in these areas."
The Nokia Education Fund is managed by the International Youth Foundation (IYF), a global, non-governmental organization operating in more than 60 countries. As extensive rebuilding and revitalising work begins in the affected communities, IYF and Nokia will work on a country-by-country basis with local governments, NGO's and international aid agencies to decide on the most appropriate and effective implementation for each area. The company is also inviting its customers and partners to join this effort.
Including the new fund allocation, the total value of Nokia's overall money and in-kind contribution is so far estimated to be in excess of EUR 3 million.
Following is a limited summary of Nokia's relief support efforts to date:
Veli Sundback, Senior Vice President, Corporate Relations and Responsibility said: "We sought to respond to this disaster with both humanitarian aid and technical expertise. In the region, Nokia teams were on-site, same-day in some cases, working to restore and expand the telecommunications capacity so critical for emergency relief work.
"On a global level, as we already had the Nokia Helping Hands volunteer channel in place, our people were able to mobilise rapidly, and the sheer range of support activities and compassion shown was overwhelming."
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Nokia has a positive impact on society that extends beyond the advanced technology, products and services the company creates. Through its cooperation with IYF and other regional philanthropic and social responsibility programs, the company prepares young people to embrace opportunities created by the global economy and new technological advancements. The company has been an active regional contributor to youth and education causes for many years, with Nokia employees making their own contributions as volunteers in a range of programs throughout the world. More information about Nokia is available at www.nokia.com.
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