Nokia, Siemens to Merge Network Divisions
Anh Tuan Huynh
June 19, 2006 5:24 AM
comment(s) - last by
Say hello to Nokia Siemens Networks
Nokia Corporation and Siemens AG have
just announced a merger
between the network solution divisions of the respective companies.
The new company will be called Nokia Siemens Networks
and is a 50-50 joint venture between the communications service provider businesses of Nokia and Siemens. Such a company will have an expected annual revenue of $20B USD.
Nokia has traditionally held the largest market share in the mobile phone industry, with Siemens holding a distant 5th or 6th. Motorola, Samsung, LG and Sony Ericsson compose the rest of the top tier cell phone providers. BenQ, a recent major play in the cell phone industry, acquired Siemens's handset division recently as well. Both companies have recently branched out into the hiptop and PDA market, the new company will almost exclusively sell new devices for wireless convergence products -- a market that few of the other cell phone providers have scratched yet. Nokia's strong presence in the convergence market has paved the way for
such devices as the N-770
, currently slated to become the
Google hiptop of choice
Siemens and Nokia put out the following bullet points about the merger:
Companies form Nokia Siemens Networks with 2005 calendar year pro forma revenues of EUR 15.8 billion.
50-50 joint venture to consist of Nokia’s Networks Business Group and Siemens’ carrier-related operations for fixed and mobile networks.
Broad scale advantages, leading ‘quadruple play’ product portfolio and worldwide presence.
Market strength and leading position in fixed-mobile convergence.
Estimated cost synergies of EUR 1.5 billion annually by 2010.
Simon Beresford-Wylie to become chief executive officer and Peter Schönhofer to become chief financial officer.
Siemens has been relatively quiet lately with very few new product announcements unlike Nokia which seems to announce new products every other month. It is too early to predict what Nokia Siemens Networks has in store for its customers but most likely any new 3G compatible mobile devices will be
powered by ATI
This article is over a month old, voting and posting comments is disabled
Siemens COM not BenQ
6/19/2006 5:57:04 PM
This annoncement has nothing to do with BenQ, and the same true for Nokia mobile phones.
This is about for network equipment for Mobile/Fixed network providers. I don't think, that any of the datacenters/switches will run with an ATI chip...
This is about Siemens COM, and the equivalent in Nokia.
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
Nokia Introduces OS 2006 for the 770
May 16, 2006, 8:40 AM
Google Partners With Nokia for Hardware Devices
May 12, 2006, 3:59 PM
Nokia Announces Partnership with ATI
May 5, 2006, 9:24 AM
Quick Note: Moto X Gets Mad for the Month of March
March 7, 2014, 5:14 PM
Staples Closing 225 Stores Across North America
March 7, 2014, 1:24 PM
HP Launches $170, 8" Android Tablet
March 7, 2014, 8:09 AM
Sony Computer Entertainment America CEO Jack Tretton Stepping Down
March 6, 2014, 8:52 PM
Apple Won't Let UK Sons Unlock Their Deceased Mother's iPad
March 6, 2014, 12:44 PM
Benchmarks for NVIDIA Tegra K1 Hit the web
March 6, 2014, 8:57 AM
Most Popular Articles
Facebook Kills Popular Messenger App for PCs
March 1, 2014, 4:01 PM
Mt. Gox Bitcoin CEO Can't Stifle Grin as he Bows in Apology for Bankruptcy
February 28, 2014, 5:00 PM
Bitcoin King: Mt. Gox CEO Mark Karpelès' History of Arrests, Firings
March 5, 2014, 9:05 AM
Two More Microsoft Executives Leaving the Company
March 3, 2014, 4:38 PM
USAF Moves Forward With Long Range Bomber Program Despite Budget Crunch
March 4, 2014, 9:44 AM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information