Tuesday, October 25, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Jamboard Reinverts The Whiteboard For Collaboration in the Cloud
ARM Accelerates Secure IoT from Chip to Cloud
Seagate 6th Generation High-Speed Enterprise Performance HDD
Google Pixel XL Manufacturing Cost is in Line with Rival Smartphones
Intel introduces Atom E3900 processors For IoT
HTC Losses Deepen
BlackBerry Announces DTEK60, Latest Android Device With BlackBerry's Security Software
Emporio Armani Launches A Hybrid Smartwatch
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia a...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 19, 2006
Nokia and Siemens to merge Mobile Divisions

Nokia and Siemens today announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks.

The 50-50 joint venture consist of Nokia's Networks Business Group and Siemens' carrier-related operations for fixed and mobile networks.

The combined company is positioned to lead the development and implementation of revenue-generating and cost-saving products and services via its scale and global reach. Nokia Siemens Networks will have one of the world's best research and development teams with the ability to invest in next generation fixed and mobile product platforms and services. The new company will have a world-class fixed-mobile convergence capability, a complementary global base of customers, a deep presence in both developed and emerging markets, and one of the industry's largest and most experienced service organizations.

"We believe the partnership with Siemens is the most effective way to build the scale and broad product portfolio necessary to compete globally and create value for shareholders," said Olli-Pekka Kallasvuo, CEO of Nokia. "The communications industry is converging, and a strong and independent Nokia Siemens Networks will be ideally positioned to help customers lower costs and grow revenue while managing the challenges of converging technology." Olli-Pekka Kallasvuo will serve as chairman of Nokia Siemens Networks.

"This joint venture is an important step to strengthen our position in the market sustainably and to enable us to offer the best state of the art converged technologies and services to our customers," said Klaus Kleinfeld, CEO of Siemens. "This combination creates a leading industry player with immediate strength, excellent potential for growth and well-positioned to improve future profitability."

Nokia Siemens Networks will be able to offer its operator customers a comprehensive portfolio of fixed and mobile network products supported by a full range of professional services. The company's portfolio will include Next Generation Network convergence products like IMS, 2G GSM/EDGE access, 3G WCDMA/HSDPA access, extensive mobile core, fixed broadband, transport, IPTV, LTE, WiMAX and low-cost mobile voice products tailored for emerging market operators.

Nokia Siemens Networks will have its operational headquarters in the Helsinki, Finland metropolitan area, and have strong regional headquarters in Munich, Germany, where three of the future five divisions of the new company will be based.

The transaction closing is expected to take place before January 1, 2007 and is subject to customary regulatory approvals, the completion of standard closing conditions, and the agreement of a number of detailed implementation steps. After closing, the financial results of Nokia Siemens Networks will be consolidated by Nokia and accounted for at equity by Siemens.

Toshiba Targets Gamers With Three New Notebooks        All News        NEC's DRAM Powers Nintendo's New Wii Video Game Console
Palm Treo 700p Review     Mobiles News      Nokia Unveils New Handsets

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Phones To Reborn In India Next Year, Hon Hai to Manufacture Them
Ex-Rovio CEO To Bring New Nokia Phones To Market
Nokia Buys Withings To Connect People to Better Health
MWC: Ericsson, Nokia Offer 5G Timelines
Ericsson And Nokia Extend 3G's Capabilities Toward 5G Era
Nokia Settles Patent Dispute With Samsung
Nokia's Virtual Reality Camera 'Ozo' Priced at $60,000
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Entry-level Nokia 222 Phone Lets You Surf Online, Capture Photos
AUDI AG, BMW Group and Daimler AG To Buy Nokia's HERE Digital Mapping Business
Nokia Releases The OZO Virtual Reality Camera for Professionals

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .