Nokia siemens networks us cellular
The formation of the company was publicly announced on 19 June In January Nokia Siemens Networks acquired Israeli company Atrica , a company that builds carrier-class Ethernet transport systems for metro networks. In , according to Siemens, Siemens only retained a non-controlling financial interest in NSN, with the day-to-day operations residing with Nokia.
On 19 July , Nokia Siemens Networks announced it would acquire the wireless-network equipment of Motorola. As of the transaction approximately 6, employees transferred to Nokia Siemens Networks. On 23 November , Nokia Siemens Networks announced that it would refocus its business on mobile broadband equipment, the fastest-growing segment of the market. This refocus resulted in the restructuring of the company and the planned layoffs of 17, employees.
After the restructuring process, Nokia Siemens Networks brought in a positive turn around to its businesses. On 7 August , Nokia completed the acquisition of Siemens' stake in the company and rebranded as Nokia Solutions and Networks. After this acquisition NSN became a fully owned subsidiary of Nokia. The acquisition aimed to create a stronger competitor to the rival firms Ericsson and Huawei , whom Nokia and Alcatel-Lucent had surpassed in terms of total combined revenue in The acquisition was expected to be completed in early , and was subject to regulatory and shareholder approval.
Regulatory approval was obtained in October and shareholder approval was announced on January 4, On 3 November , Nokia completed the acquisition of Alcatel-Lucent and it was merged into their Nokia Networks division. From Wikipedia, the free encyclopedia. Nokia Networks Logo since uses Nokia Pure typeface. Companies portal. Retrieved 6 November Nokia Networks. Answers On Innovation Thomson Reuters. Directory of sites. United States. Business News. Tarmo Virki , Sinead Carew.
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Nokia Siemens Buys Motorola’s Wireless Networking Biz
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