* Says pressure on the team to produce in 2011
* Says NSN a strategically standalone business
* Says Microsoft deal will bring "billions" in cash to Nokia
BARCELONA, Feb 15 Nokia NOK1V.HE, the world's largest phone
maker by volume, is aiming to produce a phone running new partner Microsoft's
(MSFT.O) operating system by the end of the year, its chief executive told
"Clearly there is significant pressure on the teams and the whole company to
ensure that we deliver a great Windows Phone product as quickly as possible, and
we would certainly prefer to see that in 2011," CEO Stephen Elop said in an
interview on the sidelines of the Mobile World Congress trade show in Barcelona.
"Because of the pace of software development and advances of Android, and
Windows Phone for that matter, and Apple (AAPL.O), we had a risk of falling
further and further behind because development of our Symbian-based products was
slipping," Elop said.
Elop announced the software tie-up with Microsoft on Friday, but the
mainstay of his much-anticipated strategy revamp got the thumbs down from
investors, with shares in the Finnish company dropping to their lowest level
He put that down to uncertainty.
"What that also creates, in the very short-term, is some ambiguity.
Ambiguity about the degree to which we'll reduce operating expenditure ...
There's ambiguity about managing the transition in the immediate months ahead
... So it's incumbent upon us now, having delivered a great strategy, to
He said Nokia would be contributing to the shared Windows Phone ecosystem
assets in the areas of services, mapping and location-based navigation, but the
process would transfer value from Microsoft to Nokia.
"That value in some respects is the opportunity to grow revenue ... to grow
new sources of revenue, like advertising ... What I'm trying to convey is that
there's substantial money flowing in our direction, and that's measured in the
Elop declined to comment on the ongoing process of selling a stake in Nokia
Siemens Networks [NOKI.UL], its telecoms joint venture with Germany's Siemens
"It's a business which very much, strategically, stands on its own," he
(Reporting by Tarmo Virki; Editing by Will Waterman)