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
RE: I really wish that submitter would RTFA for a change
6/20/2006 3:56:28 AM
This news war originally written as if Nokia an Siemens were joining their mobile phone divisions and would be designing new mobilephones together.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
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
Numerous Leaks Detail 4.7" iPhone 6 Processor, RAM, Cellular and NFC Capabilities
August 29, 2014, 10:37 PM
Buzz Grows Over Upcoming Lenovo Vibe X2's "Layered" Rim, Intel Chip
August 29, 2014, 4:59 PM
Sprint Intros Free Wi-Fi Calling for Overseas Travelers
August 29, 2014, 11:30 AM
Nokia HERE Maps to Arrive on Samsung Galaxy Smartphones This October
August 29, 2014, 9:14 AM
Microsoft's Standalone Kinect 2 Goes On Sale Oct. 7 for $150
August 28, 2014, 4:33 PM
Apple Builds Not-So-Secret Secret 3-Story Tower for iPhone 6/iWatch Unveil
August 28, 2014, 3:41 PM
Most Popular Articles
Microsoft's Surface 2 Tablet Family Gets a $100 Price Cut
August 25, 2014, 1:16 AM
Owner of "Decepticon" Maserati Ordered to Appear in Court This Thursday
August 25, 2014, 7:55 AM
LG Posts Teaser Video of Its “Round Face” G Watch R Smartwatch, Set for IFA Lauch
August 24, 2014, 2:49 PM
Windows 9: "Upgrade Now" Button Coming for Enterprise Updates, ARM Preview in H1 2015
August 26, 2014, 8:00 PM
Second ZMapp-Treated Patient Dies of Ebola, Supplies Run Out
August 25, 2014, 7:03 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
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
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information