Feeds

Nokia and Siemens merge phone biz

Ringing up synergies/job losses

Top 5 reasons to deploy VMware with Tegile

Nokia and Siemens are merging their phone network businesses.

The new company, dubbed Nokia Siemens Networks, is a 50-50 joint venture that will cover both fixed line and mobile networks.

If the company had existed in 2005 it potentially would have brought in revenues of €15.8bn. Based on current market share it will be second largest company in mobile infrastructure, second in services, third in fixed infrastructure, and third largest in overall telecoms infrastructure.

The companies are predicting cost savings of €1.5bn by 2010, which will mean "headcount adjustment" of 10 to 15 per cent of a total workforce of 60,000. Savings will also be made by combining R&D and other overlapping functions.

The firm will be headquartered in Helsinki, Finland, with a regional headquarters in Munich, Germany.

Nokia networks manager Simon Beresford-Wylie will become chief executive of Nokia Siemens Networks. Nokia president and chief operating officer Olli-Pekka Kallasvuo will take the role of chairman of the new firm.

The deal should close 1 January 2007.

Read the whole press release on Nokia's website here. ®

Intelligent flash storage arrays

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.