Joint Venture Case Study

934 Words4 Pages
Joint Venture of Siemens AG Company and Nokia Corporation

Nokia Siemens Networks background

In 2006, Siemens AG of Germany and Nokia Corp of Finland formed a joint venture called Nokia Siemens Networks U.S. It is headquartered in Espoo, Greater Helsinki, Finland. The formation of this joint venture was prompted by the mergers in the industry like that of Alcatel with Lucent. Its need also arose due to the rising tendency in the low-cost Chinese manufacturers like Huawei Technologies Co. Ltd. The joint venture was formally announced on June 19, 2006, and it was officially launched in February, 2007 in Barcelona at the 3GSM World Congress. The company started operating fully on April 1, 2007 and has continuously operated since then in 150 countries. In 2011, the company was rated by measure of revenues as the fourth largest manufacturer of telecom equipment. In this respect, it is next only to Ericsson, Huawei, and Alcatel Lucent.

Company Overview of Nokia Siemens Networks

Nokia Siemens Networks US LLC provides mobile communications network solutions and services for the commercial and public sector markets. It offers business support systems, convergence/IMS, customer experience management, dedicated networks, evolved packet core, IP partner products, mobile broadband, operations support systems, and transport networks. The company also provides solutions for service providers, which include carrier Ethernet transport, customer care automation, device management,

More about Joint Venture Case Study

Open Document