Nokia and Siemens Networks to Co-Operate With NEC Corporation in the Area of WCDMA Radio Networks
3GSM World Congress 2007 BARCELONA, Spain, ESPOO, Finland, MUNICH, Germany and TOKYO, Japan, February 12/PRNewswire-FirstCall/ -- 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 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
EUR87.3 billion and net income of EUR3.033 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: www.nec.com
* Newsroom: http://www.nec.co.jp/press/en/
Source: Nokia
Media Enquiries: Nokia, Networks, Communications, Tel. +358-7180-31451, Nokia, Communications, Tel. +358-7180-34900, E-mail: press.office@nokia.com, nokia.com,
Siemens Networks, Astrid Keibel, Tel. +49-89-722-31558, E-mail: astrid.keibel@siemens.com, www.siemens.com, www.nokiasiemensnetworks.com/3gsm, NEC,
Corporate Communications Division, Akiko Shikimori, Tel: +81-3-3798-6511, E-mail: a-shikimori@ay.jp.nec.com, Chris Shimizu,
Corporate Communications, NEC Europe Ltd., Tel: +44-20-8752-2794, Fax +44-20-8752-2797, E-mail: chris.shimizu@uk.neceur.com, www.nec.com
