Nokia Siemens Networks launches
Starts operations on 1 April
Nokia Siemens Networks has announced the start of full commercial operations as a new company.
The company has five product business units - Radio Access, Broadband Access, Service Core and Applications, IP/Transport, and Operations Support Systems - as well as a 20,000-string Services Business Unit.
The company puts itself at number three in the networks business market, and is targetting the number one spot.
Simon Beresford-Wylie, chief executive officer of Nokia Siemens Networks, said that the company wanted to be the number one choice for mobile-fixed connectivity and, in a nod to the investigation at Siemens that delayed the start of operations, said, "We also want to be known for operating with the highest standards of ethics and integrity."
The 1 April launch just about squeezes Nokia Siemens Networks inside the first quarter deadline the company re-set for itself when it delayed its establishment earlier this year.
Not that the immediate landscape looks to easy.
Nokia and Nokia Siemens Networks have said that they are updating the outlook for the mobile and fixed services infrastructure market for 2007. The companies now expect very slight market growth for the mobile and fixed infrastructure and related services market in euro terms in 2007. Previously, Nokia expected slight growth in the mobile and fixed infrastructure and related services market in euro terms in 2007. From April 1, 2007, the financial results of Nokia Siemens Networks will be consolidated to Nokia.
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