More Consolidation in Telecom Equipment
With all of the consolidation among their customers allowing for network efficiencies, along with a dramatic decline in revenues following the telecom bubble, telecom equipment makers have increasingly been joining forces. Alcatel/Lucent, Tellabs/Advanced Fibre, Cisco/Scientific Atlanta, and now Nokia/Siemens.
The current deal applies only to their network equipment, not to handsets.
Nokia, Siemens in $31.6 billion deal: report. – Jun. 18, 2006
Like this article? Why not try out:Nokia and Siemens AG agreed to combine their phone equipment units in a deal worth around $31.6 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The combined company would contribute both of their network equipment operations into a new entity to be based in Nokia’s home country of Finland, the Journal reported, with Nokia retaining a majority of board seats.
