backtop


Print

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.




"We are going to continue to work with them to make sure they understand the reality of the Internet.  A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
Related Articles






Most Popular ArticlesSuper Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
Samsung Chromebook Plus – Coming in February 2017
January 17, 2017, 12:01 AM
Samsung 2017 Handset’s Updates
January 17, 2017, 12:01 AM
Comparison – Surface Pro VS Tbook X5 Pro
January 21, 2017, 7:00 AM
Comparison – iPad Mini Vs Huawei MediaPad M3
January 19, 2017, 2:08 AM

Latest Blog Posts
Apple Watch
Saimin Nidarson - Jan 24, 2017, 6:51 AM
Some new News
Saimin Nidarson - Jan 23, 2017, 8:59 AM
What is new?
Saimin Nidarson - Jan 22, 2017, 7:00 AM
News
Saimin Nidarson - Jan 20, 2017, 7:00 AM
News of the World
Saimin Nidarson - Jan 19, 2017, 7:00 AM
Some tips
Saimin Nidarson - Jan 17, 2017, 12:16 AM
News of the Day
DailyTech Staff - Jan 16, 2017, 12:10 PM
Tech News
Saimin Nidarson - Jan 15, 2017, 12:32 AM
Here is Some News
Saimin Nidarson - Jan 14, 2017, 12:39 AM
News around the world
Saimin Nidarson - Jan 12, 2017, 12:01 AM
Rumors and Announcements
Saimin Nidarson - Jan 11, 2017, 12:01 AM
Some news of Day
Saimin Nidarson - Jan 7, 2017, 12:01 AM
News 2017 CES
Saimin Nidarson - Jan 6, 2017, 12:01 AM






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki