Filed under: News | Mobile Phones
Nokia and Siemens in Telecom-Equipment Merger
Jun 19 2006, 1:10am CDT | by Luigi Lugmayr
Finland-based Nokia and Germany-based Siemens reportedly combine there telecom equipment businesses into a new joint-venture. By some estimates, the two collectively hold more than 50% market share.
The new merged company will be based in Finland and ownership will be split "evenly" between the two companies, with a Nokia executive heading the entire operation. The deal is valued at over 25 billion euros ($32 billion).Apparently the biggest reason for the merger was to cut down on excessive research and development expenses. According to the report the merge will save them over 1.2 billion euros (over $1.5 million). More details will probably surface during the day today, which is when the new deal was originally expected to be announced.
Full story. See also the WSJ (Subscription).
Report Published by: Mark Raby
where to buy
What Others Say about This
Digital Communications 2012
The digital communications market is becoming increasingly vital to more and more people in the UK. The focus of the market is now predominantly portability and accessibility, and this is where any future growth in the industry will be attained. Traditio ...
Full article at: PR Newswire
More like this 36 minutes ago
TechFaith to Showcase Broader Line-Up at 2012 GSMA Mobile World Congress
BEIJING, Feb. 14, 2012 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the Company) today announced it would have an increased presence at the prominent 2012 GSMA Mobile World Congress in Barc ...
Full article at: Street Insider
More like this 41 minutes ago
Google-Motorola buy approved
WASHINGTON - The European Commission and the United States Department of Justice have given the go-ahead to Google's $12.5-billion (S$15.8-billion) acquisition of Motorola Mobility (MMI), the US handset and set-top box maker - a move that will open a new ...
Full article at: Today Online
More like this 59 minutes ago
Don't miss ...
news
RIM joins Nokia in the Hurt Locker, but RIM has Escape Route
Jun 17 2011
BlackBerry maker RIM Q1 numbers missed analyst estimates....
news
Nokia Gets Rid Of Wireless Modem Unit
Jul 7 2010
Nokia has sold off one of its least profitable divisions,...
Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
blog comments powered by Disqus Comments
Latest stories
Apple is supposed to test a smaller iPad with a screen size around 8-inch. The current iPad has a screen size of 9.7-inch.
Japanese scientists develop robots that mimics the controller's movements, just like boxing robot in Real Steel with Hugh Jackman.
The Apple iPad 3 will be announced on March 7. 4G LTE is apparently certain.
- Visit our Homepage for the Latest Rumors, News and Shopping Tips
Featured hubs
I4U: Follow the Gadget Life Cycle
I4U News covers the complete life of a gadget starting with rumors. Some rumors turn out to be true and become news and gadget reviews become interesting. Then a gadget goes on sale. Now it is all about shopping and deals.