Nokia Siemens wins $935 million Saudi Arabia deal
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Nokia Siemens Networks  said  on Monday it had won an order worth $935 million from Kuwait  telecom operator Zain  to build second- and  third-generation mobile networks in Saudi Arabia.
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German industrial conglomerate Siemens AG said Monday it had won a $224 million US order to modernize Libya's electricity network.
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The wireless service provider offered more than $5 billion in stock for rival Leap.
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BusinessWeek Online - The Finnish cell phone heavyweight Nokia  said Nov. 28 that it's expecting lower profit margins during the coming years as it starts up a new joint venture with Germany's Siemens . But Nokia is also victim to global trends affecting other cell phone companies.
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Third 3G/UMTS order in Asia: Siemens awarded mobile network extension for Maxis in Malaysia Malaysiaâs leading mobile operator, Maxis Communications Bhd.
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Nokia Siemens Networks will buy Apertio, which specializes in network management applications for telecommunications operators, for &#8364;140 million ($205 million), the companies said Wednesday.
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Nokia, the world's biggest mobile phone manufacturer, has posted stronger-than-expected earnings with a 43-percent jump in net profits and 22-percent rise in sales, but saw its market share dip slightly.
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Flogging cheap mobiles is easy Nokia's swallowed an estimated 39 per cent of the global mobile phone market in its third quarter, sending profits rocketing 85 per cent.â¦
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The US mobile phone company, Sprint, agreed a $35bn (Â£18bn) takeover of rival Nextel yesterday, creating a third powerhouse in the rapidly consolidating American market.
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Sprint Corp., the third-largest wireless phone company in the US, doled out US$3 billion worth of contracts Tuesday to long-time suppliers Lucent Technologies, Nortel Networks and Motorola.
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Nokia Siemens Networks claims it has completed a successful test in an urban environment of LTE technology, which is considered the next step after 3G for many cellular operators.
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U.S. antitrust authorities said on Thursday they approved plans by German conglomerate Siemens AG  to buy industrial design software maker UGS Corp. for $3.5 billion.
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Hewlett-Packard Co. said on Wednesday it had signed a five-year technology outsourcing agreement with Nokia worth $100 million per year, finalizing a deal first flagged in February.
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Nokia Siemens Networks said Monday it will provide a digital network for Zain, a mobile phone operator in Saudi Arabia, in a deal valued at about $935 million.The contract includes operations, support systems, maintenance and services over five years for the network which will use 2G and 3G (second and third generation) technologies.Nokia Siemens Networks is the sole supplier of Zain Saudi's core network, the Finnish-German company said.'This deal is one of the most important in Nokia Siemens Networks' history, and also very strategic for our growth in Africa as Zain is present in more than 14 countries in the region,' said Walid Moneimne, head of the company's Middle East and African operations. Read more
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Nokia has signed a contract with the Libyan post office for a nationwide mobile network and equipment, in a deal valued at euro120 million (US$146 million), the Finnish company said Monday.
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Hewlett-Packard Co. said on Wednesday  it had signed a five-year technology outsourcing agreement with  Nokia worth $100 million per year, finalizing a deal first  flagged in February.
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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the US.