Report: Nokia, Siemens in telecom merger
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European telecom makers Nokia Corp. and Siemens AG have agreed to combine their telephone equipment units in a deal valued at roughly 25 billion euros (&#36;31.6 billion), according to a newspaper report.
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Siemens has been working with Malaysia mobile-phone carrier Maxis since 1995 as a supplier of 2G/GSM mobile technology. As of June 2004, Maxis had 5.12 million customers, giving it over 40
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Nokia, the world's largest mobile phone maker has signed two contracts worth over two billion euros (2.54 billion dollars) with Chinese companies China Mobile and PTAC.
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HELSINKI (AFX) - Nokia Corp said it and Motorola Corp, NEC Corp, Siemens AG, and Sony Ericsson have started an Open Mobile Alliance to enable broadcast services to mobile devices.
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THE merger between mobile phone retailer Carpho
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The world&#39;s top five handset vendors, Nokia, Motorola, Siemens, NEC and Sony Erics, have announced a co-operative deal to investigate mobile broadcast services.
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Sprint or Nextel Communications, the two US mobile phone network companies that agreed to a $35bn merger earlier this week, have set a December 31 2005 deadline to complete the deal.
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Description: Sprint is about to acquire Nextel in a telecom merger that would create the nation&#39;s third-largest wireless company.
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Finns take plunge into Bristol channel Nokia Siemens Networks is to buy customer-management company Apertio for about â¬140m, with the cash deal set for completion before April.â¦
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The widely expected merger between Sprint Corp and Nextel Communications has been agreed in a $36 billion deal likely to end Vodafone&#39;s chance of gaining an independent foothold in the American market.
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Sprint and Nextel Communications could announce a &#36;35 billion merger this week in a deal that would forge a third goliath in the quickly consolidating wireless industry.  The union would complete Sprint's transformation from perennial also-ran in the troubled long-distance business.
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(InfoWorld) - Ahead of its planned launch next month,Â the new venture between Nokia and SiemensÂ presented a product roadmap on the opening day of theÂ 3GSM World Congress in BarcelonaÂ that shows a strong focus on networking technologies based on IP. Admitting that the mobile phone industry may have overhyped its 3GÂ technology and missed the opportunity to connect with the world of IP, Simon Beresford-Wylie, designated chief executive of Nokia Siemens Networks, said at a news conference that "there is only one Internet, and I think we misunderstood this as a sector." Before joining Nokia, Beresford-Wylie was CEO of the Indian mobile operator Modi Telstra. The joint venture between the former German and Finnish rivals will have a combined customer base of around 600 companies with half of them mobile operators and the other half fixed-line operators, according to Beresford-Wylie. The launch of the new company has been pushed back a couple of times as the result of a corruption probe against executives at Siemens' networking division over accusations of bribes offered to secure business. Beresford-Wylie expects the venture to launch next month. "We were ready, and we still are ready to roll on day one," he said. The decision to merge networking operations was prompted by consolidation in the sector, in particular the launch ofÂ Alcatel-Lucent. Opportunity abounds, according to Beresford-Wylie. The number of people connected to the Internet with broadband connections -- both wireless and wireline -- will increase from 2.5 billion in 2006 to 5 billion in 2015, he said. The CEO designate also predicted that the rise of HDTVÂ and IPTV (Internet Protocol television) would lead to a hundred-fold increase in data traffic by 2015, ballooning at a rate of between 60 percent every year. These services will create demand for gigabyte-per-second connections for individual users. Nokia Siemens Networks will provide a range of products including mobile WCDMA (wideband code division multiplex access) and wireless WiMAX infrastructure systems, broadband access and, in particular, IP technology. But Beresford-Wylie was quick to point out that Nokia Siemens Networks intends to move away from being a "box provider" to a supplier of "managed solutions." The company's service portfolio will include applications and content management as well as consulting and systems integration.
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Sprint and Nextel formally announced a $35 billion merger agreement Wednesday and offered details on how the corporate combination would affect employees and consumers. -The Washington Post
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Wall Street was abuzz Friday over a potential merger between Sprint and Nextel, though the companies declined to comment on a slew of news reports that they are negotiating to combine to create a celluar provider that would almost rival Cingular Wireless and Verizon Wireless in size.
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Qualcomm announced yesterday that Siemens Communications, the world&#39;s fourth largest maker of cell phones, has agreed to use its chips in some of its handsets.
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In another sign that Nokia and SiemensÂ are confident that theÂ merger of their network equipment divisionsÂ will go through, the companies announced they will start sharing their proposed product portfolio in early February.
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Sprint - the US&#39;s third biggest mobile telco - and fifth-place rival Nextel are reportedly in talks about a possible merger. The deal would create a carrier with approximately 39m subscribers and a market value of around $70bn.