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Nokia Networks

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Nokia Siemens Networks
Company typePrivate
IndustryTelecommunications
Founded2007
Headquarters
Finland Helsinki
,
Finland
Key people
Simon Beresford-Wylie, CEO
Eric Simonsen, CFO
Olli-Pekka Kallasvuo, Chairman
ParentNokia Oyj (50%)
Siemens AG (50%)
Websitenokiasiemensnetworks.com

Nokia Siemens Networks is a telecommunications solutions supplier which was created as the result of a merger (by means of a joint venture) between Siemens AG's COM division (minus its Enterprise business unit) and Nokia's Network Business Group.

The new company was announced on 19 June 2006. The Nokia Siemens Networks brand identity, created by London and Tokyo based branding agency Moving Brands, was created within a two month timeframe and subsequently launched at the 3GSM World Congress in Barcelona in February 2007[1] [2]. Nokia Siemens Networks then began full operations on 1 April, 2007[3] and has its headquarters in Espoo, Greater Helsinki, Finland, while the West-Sout Europe headquarters and three of its five divisions are based in Munich, Germany. The Services division is based in India. Nokia Siemens Networks has operations in some 150 countries.[4]

It is foreseen that, with a combined 2005 revenue of more than € 15 billion, the new company would be one of the largest telecommunication equipment makers in the world.

Simon Beresford-Wylie, the Executive Vice President and General Manager of Nokia’s Networks unit was appointed as the new company's first Chief Executive Officer (CEO). On 1st June 2007 Eric Simonsen replaced Peter Schönhofer after 2 months in office as Chief Financial Officer (CFO). The Chairman of the board of directors is Nokia's CEO Olli-Pekka Kallasvuo, vice chairman is Siemens' CEO Peter Löscher since 1st July 2007 (replacing Klaus Kleinfeld).[5]

References

  1. ^ [1]
  2. ^ [2]
  3. ^ http://www.nokia.com/A4136001?newsid=1111967
  4. ^ "Nokia Siemens Networks Fact Sheet" (PDF). Nokia Siemens Networks. Retrieved 2007-07-09.
  5. ^ http://www.nokia.com/A4136001?newsid=1136530

External links

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