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 Send to email | Nokia, Siemens bail on effort to sell Nokia Siemens Networks in |  By Todd Haselton
el 13-Jul-2011 |
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Nokia and Siemens have given up efforts to sell Nokia Siemens Networks, Reuters reported on Wednesday. The firms had been trying to sell the joint venture, which has had troubles reporting a profit, for the past year. “The timing for selling the unit could hardly have been worse; there are clear signs from companies like LG and ASML of European handset market descending into a slump and selling a mobile network company on the eve of a handset market downturn is a tough challenge,” MKM Partners analyst Tero Kuittinen told Reuters. Reportedly, a Siemens spokesperson also said that the firm was still looking to get out of NSN “sooner than later.” The Nokia Siemens joint venture was formed in 2007.
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| Nokia, Siemens bail on effort to sell Nokia Siemens Networks | | Nokia and Siemens have given up efforts to sell Nokia Siemens Networks, Reuters reported on Wednesday. The firms had been trying to sell the joint venture, which has had troubles reporting a profit, for the past year. “The timing for selling the unit could hardly have been worse; there are clear signs from companies like LG and ASML of European handset market descending into a slump and sell [..] Read complete article | | Published 13-Jul-2011 by Todd Haselton in
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| Nokia Siemens Networks to lay off more than 4,000 workers in Europe | | Nokia Siemens Networks recently announced that it will cut as many as 1,200 jobs in Finland and lay off another 2,900 workers in Germany as it begins to restructure the company. Both Nokia and Siemens originally tried to sell the joint venture, which has struggled to report a profit, but gave up those plans this past summer. The move is expected to save ?1 billion per year, Reuters said Tuesday. N [..] Read complete article | | Published 31-Jan-2012 by Todd Haselton in BusinessMobileFinlandGermanylay offsNokiaNokia Siemens NetworksNSNrestructuringSiemens
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| Nokia Siemens Networks lays off 1,500 employees | | Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to lea [..] Read complete article | | Published 05-Aug-2011 by Todd Haselton in Mobile1500cutsemployeeslayoffsMotorolaNokiaNokia SiemensNokia Siemens NetworksNSNSiemens
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| Nokia Siemens Networks looking to renegotiate $1.2B Motorola deal |  Nokia Siemens Networks is trying to renegotiate a $1.2 billion network infrastructure assets purchase from Motorola, according to sources speaking to Bloomberg. In an effort to please Chinese authorities, which have delayed the purchase due to antitrust concerns, Nokia Siemens Networks is seeking to leave Motorola Solutions’ GSM unit out of the purchase, and adjust the deal accordingly. Chin [..] Read complete article | | Published 16-Mar-2011 by Todd Haselton in
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| Nokia Siemens to acquire Nortel?s LTE and CDMA assets |  Canada-based Nortel, once North America?s largest telecommunications equipment manufacturer, filed for bankruptcy in January 2009 after a turnaround effort failed. As part of its bankruptcy proceedings, Nortel will sell its LTE and CDMA assets to Nokia Siemens for a cool $650 million. The acquisition will improve Nokia Siemen?s position in both North America and the [...] [..] Read complete article | | Published 20-Jun-2009 by Kelly Hodgkins in CDMALTENewsPress ReleaseWirelessbankruptcyCanadaNokia SiemensNortelNorth America
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| Nokia Siemens to slash 17,000 jobs by 2013 in restructuring move |  After Nokia and Siemens failed to sell Nokia Siemens Networks, the joint venture announced on Wednesday that it will cut 17,000 jobs around the globe by 2013 as part of a restructuring move that will focus on services and mobile broadband. “Our goal is to provide the world?s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services capability [..] Read complete article | | Published 23-Nov-2011 by Todd Haselton in BusinesslayoffsNokiaNokia Siemens NetworksRestructureSiemens
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| Microsoft may be forced to give Nokia a bail out | | Nokia continues to struggle as the once dominant cell phone maker continues to lose share in both the smartphone and broader mobile market. The Finnish vendor’s Lumia handsets have yet to take off and Nokia’s stock has tumbled 90% over the past five years. Nokia CEO Stephen Elop may look toward his former employer, Microsoft, to step in and help the troubled handset maker, Reuters sugg [..] Read complete article | | Published 07-May-2012 by Dan Graziano in Mobilemarket sharemicrosoftmobileNokiarevenueSmartphones
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
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This morning, Nokia Siemens announced that it would acquire $1.2 billion in network infrastructure assets from telecom giant Motorola. As the press release states: “Motorola’s networks infrastructure business provides products and services for wireless networks, including GSM, CDMA, WCDMA, WiMAX… [..] 
