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.
"Folks that want porn can buy an Android phone." -- Steve Jobs
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
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM
Apple sued because of iPhone 6 Touch Disease
August 31, 2016, 7:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
Most Popular Articles
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM
FDA Cleared, Shockwave Lithoplasty for Peripheral Vascular Disease
September 22, 2016, 5:45 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Are you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Latest Blog Posts
Burlington Gun Attack
Sep 27, 2016, 5:00 AM
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information