Nokia, Siemens Discuss Joint Venture

Nokia and Siemens on Monday outlined their upcoming product portfolio and provided some details of the future Nokia Siemens Network.

The companies last year announced a 50-50 joint venture to combine Nokias Networks Business Group and Siemens carrier-related operations into Nokia Siemens Networks. The deal is expected to close sometime this quarter.

At the 3GSM show in Barcelona, Spain, Nokia and Siemens said they will launch six business units once the merger has closed. Those divisions will be Radio Access, Service Core and Applications, Operation Support Systems, Broadband Access, IP/Transport and Services.

In 2015, we will live in a broadband-IP world, in which 5 billion people in practice

will be always on, connected to the Internet, rich content, services and of course each

other, said Simon Beresford-Wylie, designated CEO for the future Nokia Siemens Networks. While Nokia Siemens Networks will have the scale to compete, we know that is just a starting point. As the world of telecommunications changes, we will also create customer value through innovation, speed and deep end-user insight.

Nokia and Siemens further announced the signing of an agreement with NEC Corp. to keep developing WCDMA base stations and radio networks controllers.

NEC Corp. www.nec.com  

Nokia www.nokia.com  

Siemens www.usa.siemens.com