Nokia today announced that Nokia Siemens Networks has finally completed the acquisition of Motorola Solutions after winning approval from Chinese regulators last week.The deal which was first announced in July 2010 had run into a lot of roadblocks and looks like Motorola has reduced the price of deal from $1.2 billion to $975 million
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Nokia Siemens Networks supplies Telecommunication Equipment to many of the largest mobile network operators in the world.They also support backend operations of several Operators. Today the company made a bold move my acquiring the majority of the assets of Motorola’s wireless network business 1.2 billion USD . It’s pretty clear that this move will give NSN a boost in markets such as USA and Japan. NSN is powering the 3G networks of many operators in India which are expected to be operational this year.
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Nokia announced today that after evaluating a number of sites in India, it will locate its new Nokia Global Networks Solutions Center in Chennai.
NOKIA PRESS RELEASE December 16, 2005
Nokia taps Chennai as new Nokia Global Networks Solutions Center site
Chennai, India – Nokia announced today that after evaluating a number of sites in India, it will locate its new Nokia Global Networks Solutions Center in Chennai.
The Solutions Center will perform network operation tasks for selected operator customers in the Asia Pacific region as well as Europe, the Middle East and Africa, and play a key role as part of Nokia’s expanding and innovative managed services offering. It will start operations in the first half of 2006 and initially employ around 100 people, with this figure expected to rise in the next few years.
The announcement was made in Chennai by Bosco Nov?k, Senior Vice President for Services, Networks, Nokia, at a special ceremony hosted by Shri Dayanidhi Maran, the Honorable Minister for Telecommunications and Information Technology.
“This Center will play a key role for us in our drive to ease the cost pressures that our clients are feeling. This investment manifests our position as innovation leader in our industry,” Bosco Nov?k said. “With its wealth of skilled people and leading technology know-how, India is a very important market for Nokia and we’re pleased to expand our presence here.”
“We are very happy to see a world leader like Nokia extend its already considerable commitment to India, and look forward to deepening our ties in the years to come,” Minister Maran said. “This investment reaffirms India’s position as the country of choice for expanding global telecommunications companies.”
Nokia has contracted managed services with 35 clients in 28 countries, and has provided operating services for over 20 operators globally, helping them with the day-to-day tasks of running their networks so they can focus on bolstering their business offerings. , Nokia is a leader in this growing market, and managed services is a key pillar in its Services business strategy.
The announcement is the latest sign of Nokia’s strong commitment to India and the robust Indian market. Nokia has played a pioneering role in the growth of cellular technology in India, starting with the first-ever cellular call a decade ago, which was made on a Nokia mobile phone and a Nokia-deployed network. Today Nokia’s India operations include networks and terminals sales divisions and three Research and Development facilities. A manufacturing facility for mobile devices and GSM infrastructure is set to open in Chennai in the first half of 2006.
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.
