Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 26 February 2013 11:44

Nokia-Siemens wants to be a number two in US

Written by Nick Farrell



No rhyming slang here

Nokia-Siemens Networks is pushing into North America where the world's third-largest telecom equipment maker with the goal of being number two.

Chief Executive Rajeev Suri said the company should be helped out by Japan's Softbank to buy 70 per cent of Sprint Nextel Corp for $20 billion, and Deutsche Telekom's purchase of MetroPCS. The company has been doing well. It has gone from number five to number three in past few years, and now we will go target number two.

This might be tricky as the company is about to change hands. A six-year old shareholder pact between partners Nokia and Siemens expires on April 1 and while Siemens wants out, Nokia is not keen to buy it out. The company is much healthier after a restructuring which included a cull of staff from 75,000 to 58,000 and sale of non-core assets.

Operating and gross margins rose last year, and NSN actually contributed to co-parent Nokia's cash flow instead of being a drain. In the US Softbank's arrival could work to NSN's advantage because the company could use on its strong supplier relationship with Softbank in Japan to win more contracts at Sprint and Clearwire, which Sprint is in the process of buying.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments