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Nokia and Siemens Networks to co-operate with NEC Corporation in the area of WCDMA radio networks |
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Written by Adam Gosling
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Wednesday, 14 February 2007 |
PRESS RELEASE From 3GSM World Congress 2007, February 12, 2007, Barcelona,
Spain/Espoo, Finland/Munich, Germany/ Tokyo, Japan - At the 3GSM
World Congress in Barcelona today, Nokia and Siemens Networks and NEC
Corporation (NEC) announced they have signed a Memorandum of
Understanding (MoU) for the co-operation in the area of WCDMA radio
networks.
The co-operation consists of continued
support and development for the installed base of Siemens Networks
and NEC WCDMA base stations and radio networks controllers. The
agreement is a logical continuation to the successful NEC and Siemens
Networks WCDMA collaboration, which has been carried out through
their joint venture company Mobisphere. Mobisphere is expected to
continue as a joint venture of NEC and the future Nokia Siemens
Networks after the creation of Nokia Siemens Networks.
In addition to the support and
development for WCDMA radio access network installed base, NEC, Nokia
and Siemens Networks will cooperate in further enhancing 3G/WCDMA
businesses. The companies also will continue to discuss the possible
cooperation beyond 3G areas like LTE.
NEC, Nokia and Siemens Networks have
agreed to form this co-operation to further strengthen their
state-of-art WCDMA product offering, and to provide mobile operators
with the highest quality, best performance and most cost-efficient
networks. This agreement will reinforce the companies' competitive
position in the WCDMA market.
The planned merger to create Nokia
Siemens Networks is expected to close in the first quarter of 2007,
subject to previously announced closing conditions.
About Nokia
Nokia is a world leader in mobile
communications, driving the growth and sustainability of the broader
mobility industry. Nokia connects people to each other and the
information that matters to them with easy-to-use and innovative
products like mobile phones, devices and solutions for imaging,
games, media and businesses. Nokia provides equipment, solutions and
services for network operators and corporations. Furhter information
is available at www.nokia.com.
About Siemens
Siemens (Berlin and Munich) is a global
powerhouse in electrical engineering and electronics. The company has
around 475,000 employees (incl. discontinued operations) working to
develop and manufacture products, design and install complex systems
and projects, and tailor a wide range of services for individual
requirements. Siemens provides innovative technologies and
comprehensive know-how to benefit customers in over 190 countries.
Founded more than 155 years ago, the company focuses on the areas of
Information and Communications, Automation and Control, Power,
Transportation, Medical, and Lighting. In fiscal year 2006 (ended
September 30), Siemens had sales of €87.3 billion and net income of
€3.033 billion, according to U.S. GAAP. Further information is
available on the Internet at www.siemens.com .
About NEC
NEC Corporation (NASDAQ: NIPNY) is one
of the world's leading providers of Internet, broadband network and
enterprise business solutions dedicated to meeting the specialized
needs of its diverse and global base of customers. NEC delivers
tailored solutions in the key fields of computer, networking and
electron devices, by integrating its technical strengths in IT and
Networks, and by providing advanced semiconductor solutions through
NEC Electronics Corporation. The NEC Group employs more than 150,000
people worldwide. For additional information, please visit the NEC
home page at: http://www.nec.com * Newsroom:
http://www.nec.co.jp/press/en/
www.nokiasiemensnetworks.com/3gsm
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