Nokia and Siemens to merge their communications service provider businesses
Jun 19, 2006
Nokia and Siemens today announce that they intend to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. The 50-50 joint venture will create a global leader with strong positions in important growth segments of fixed and mobile network infrastructure and services.
This photo shows from left to right Rick Simonson, CFO of Nokia, Peter Schoenhofer, CFO of Nokia Siemens Networks, Olli-Pekka Kallasvuo, CEO of Nokia, Simon Beresford-Wylie, CEO of Nokia Siemens Networks, Dr. Klaus Kleinfeld, President and Chief Executive Officer of Siemens AG, Joe Kaeser, CFO of Siemens AG, and Janos Gönczöl, head of Siemens AG Corporate Communications.
Reference Number: AXX20060638-01
