Nokia and Siemens in networks merger
Nokia and Siemens have announced that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company.
Nokia and Siemens have announced that they intend to merge the Networks Business Group of Nokia and the carrier operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will cooperate on fixed and mobile network infrastructure and services.
“We believe the partnership with Siemens is the most effective way to build the scale and broad product portfolio necessary to compete globally and create value for shareholders,” said Olli-Pekka Kallasvuo, CEO of Nokia, who will serve as chairman of Nokia Siemens Networks
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Comment: The UK is closer to deindustrialisation than reindustrialisation
"..have been years in the making" and are embedded in the actors - thus making it difficult for UK industry to move on and develop and apply...