Following the outcome of the auction for the CDMA and Long Term Evolution (LTE) assets of Nortel, Nokia Siemens Networks remains focused on maintaining its leadership in the global wireless infrastructure industry and sustaining its recent momentum in the North American market.
Following Nokia Siemens Networks’ agreement with Nortel to acquire assets announced on June 20 the acquisition process moved to an auction on July 24 for those assets as specified by the US Bankruptcy court on June 29 in which other qualified bidders were invited to participate.
“Our final offer for Nortel’s assets represented a fair price, and we did not enter this process with a win at any cost mindset,” said Bosco Novak, chief markets operations officer at Nokia Siemens Networks. “Ours was an opportunistic bid aimed at supporting the great progress we’ve made in North America in the past 18 months, and we are very confident that momentum will continue to grow.”
Nokia Siemens Networks has transformed its North American business under the leadership of region head, Sue Spradley. The company announced on 20 July 2009 it had won a contract with the new Canadian mobile operator Globalive Wireless for the roll out of a 3G network in Canada. This marked the fourth such agreement in just over a year following deals with Bell Canada, TELUS and Videotron in 2008.
Momentum also continues to build in the US where Nokia Siemens Networks has a leading position in long haul optical networks and is building its business with both cable and wireless operators as illustrated by recent key deals for IMS technology with Time Warner and with Verizon Wireless to support the roll out of LTE.
Nokia Siemens Networks is well positioned to transition its leadership in 3G into long term success in LTE throughout the network from the core IMS system it is building for Verizon Wireless to the Radio Access technology it is supplying with partner Panasonic to NTT DoCoMo in Japan. Nokia Siemens Networks has enjoyed recent wins in both Asia and Europe for LTE and is working on other prospects with customers across the globe.
Said Mika Vehvilainen, chief operating officer at Nokia Siemens Networks: “With our powerful R&D capacity, strong portfolio and Services capabilities and global scale and reach, Nokia Siemens Networks is positioned for long term success as one of the winners in a wireless industry that is rapidly consolidating around three vendors. Our LTE platform is winning a growing number of customers across the world and we are well positioned to deliver the benefits of next generation wireless technology to customers in North America and elsewhere.”