Nokia Siemens Networks’ search for a willing buyer for a stake in the ailing JV appears to have staggered to a halt, with reports emerging that Nokia and Siemens have agreed to rather invest more of their own cash in an effort to revive the partnership’s fortunes. Reports in the Wall Street Journal suggest that plans to sell a controlling stake in the venture to a consortium including private equity investors were about to fall through, with Reuters quoting telecoms analyst Earl Lum as saying that “Any potential investor would need to see some light at the end of the tunnel with regard to profitability for NSN.”
It’s not often we write about German vendor Siemens anymore, given its departure from the telecoms space. But the firm is still paying for its joint venture with Nokia, on Thursday announcing an impairment charge of €1.634bn on its partnership in Nokia Siemens Networks (NSN).
It looks like enterprise networking firm Avaya has emerged as the winning bidder for Nortel’s own corporate communications unit, with an offer of close to $1bn.
Two bidders have tabled offers for the enterprise networking business of collapsing Canadian kit vendor Nortel, ahead of the auction scheduled for Friday.
German manufacturing firm Siemens said Wednesday it has set aside a provision of Eur1bn in fiscal 2008 as settlements in ongoing corruption investigations against the company. In an announcement the firm said, “This current estimate is based on the status of ongoing discussions being held between the company and authorities in Germany and the US.” [...]
German conglomerate Siemens appears keen to hold onto its stake in the Nokia Siemens Networks joint venture, despite previously expressing concern about its potential. On Thursday, Siemens’ equity Investment unit posted a loss of Eur11m in the quarter to end September 30, compared to a Eur75m gain in the same period a year earlier. The [...]
German vendor Siemens has confirmed that it is unsatisfied with the performance of the carrier kit joint venture it operates with Nokia. Nokia Siemens Networks, which has only been in operation since April this year, did not get off to a good start. On the day of its launch, the Finnish-German joint venture warned of [...]
The rot caused by the Siemens corruption probe continues to spread, as a former senior exec at the company quits his current position at Deutsche Telekom. Lothar Pauly, a member of Deutsche Telekom’s board of management in charge of system business, production, IT and central procurement, requested Thursday that the supervisory board relieve him of [...]
The board of directors for German vendor Siemens voted in Peter Loscher as its new president and CEO on Sunday. Loscher, currently president of global human health at pharmaceutical giant Merck & Co., will replace the outgoing Klaus Kleinfeld, when he steps down at the end of June. “In Peter Loscher, we have found an [...]
German vendor Siemens could pick a new chief executive officer over the weekend, as it emerges that an extraordinary meeting of the supervisory board will take place on Sunday. Reports suggest the board will seek to nominate and vote on a new CEO to replace outgoing president and chief executive, Klaus Kleinfeld. Kleinfeld said in [...]
A step in the right direction but does it go far enough?
Sharing an allowance among family members is one ...
I agree with Dan about this being a excellent read, and that QNX is not well known but sooner or ...
Excellent read with some actual facts compared to the hack journalist/bloggers on the interest. Many don't understand what QNX ...
The main issue with Telenor is that whether they made underhand payments to ge the licenses. If they did, then ...
Over The Top providers have become the staple wildcard in almost any sector set on a collision path with mobile. By and large they are very good at what they do: connecting a user with their chosen content or service by whatever means available.
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