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Nokia Siemens Networks Plans Major Re-Org
Nortel Calls It Quits, Gives Up On Restructuring
Nortel Networks, currently in bankruptcy protection both in the U.S. and Canada, has said that it will no longer attempt to restructure and revive its business. Instead, it will ... read
Nokia and Siemens To Merge Network Units
Nokia and Siemens are expected to announce a joint venture created with each of the companies' network equipment units. The new company will be headquartered in Finland and is ... read
Sony Ericsson Plans to Issue 2,000 More Pink Slips this Year
Sony Ericsson posted a net loss of $387 million for the first quarter of 2009, its third consecutive quarterly loss. In response to falling sales, Sony Ericsson said it ... read
Verizon Plans 8,000 Job Cuts to Fight Costs
Verizon Communications reported its quarterly earnings today. Though the company's wireless division netted 1.1 million new subscribers (bringing the total to 87.7 million) and total revenue jumped 11% to ... read
Motorola Interested In Buying Sagem
Motorola President Ron Garriques yesterday said the company is interested in acquiring Sagem, a European handset manufacturer. Sagem sells low to mid-teir handsets and is showing financial weakness ... read
Sprint to Launch Limited WiMax Networks This Week
Sprint plans to launch its XOHM WiMax network by the end of this week in Chicago and Baltimore-Washington, D.C. This initial launch will be limited only to Sprint employees ... read
Nokia Seeking To Patch Weak Spots With Acquisitions
Nokia's new CEO today announced the company must be on the lookout for further acquisitions and partnerships. The handset giant will focus on acquisitions that will strengthen their weak ... read
Motorola Lays Off Thousands from Mobile Device Unit
Motorola announced that it is taking further steps to reduce costs and reorganize its business. As part of the reorganization, it is planning to eliminate 3,000 positions associated with ... read
Nokia Siemens Networks Agrees to Acquire Certain Nortel Assets
Nokia Siemens Networks announcements its intent to buy some CDMA and Long Term Evolution technology assets from ailing Nortel Networks. Nokia Siemens Networks plans to spend about $650 million ... read
First Real World LTE Tests Reach Speeds Over 100 Mbps
Nokia Siemens Networks have just completed their first real-world tests of a trial Long Term Evolution (LTE) network. LTE networks have been chosen as the next step in GSM, ... read
Sprint Turns to Investors for $500 Million
Today Sprint filed documents with the Securities and Exchange Commission in hopes to raise some $500 million in cash from investors. Sprint wants to offer senior unsecured notes that ... read
Nokia To Restructure In 2008
In a move Nokia hopes will help to streamline managing the company and bring new products to market quicker, it is reorganizing its internal structure. There will be two ... read
Nokia's Service and Software Arm Seeing Reorg
Today Nokia said that it is reorganizing how its Services and Software division will operate in the future. The company plans to integrate some of its content delivery services ... read
Verizon Details LTE Launch Plans
Verizon Wireless today announced its plans for deploying LTE 4G technology. The company will launch its LTE network commercially in 2010 using its recently-acquired 700 MHz spectrum, which covers ... read
Nokia Divests Mobile TV Unit
Nokia has sold its Mobile Broadcast Solutions technology unit to Wipro, a company based in India. The division had about 40 employees and was responsible for creating hardware and ... read
FTC Approves of Nokia's Nortel Acquisition
The Federal Trade Commission has officially approved of Nokia Siemens Network's bid to acquire large portions of ailing Nortel's LTE and CDMA businesses. Late last month, Nortel indicated it ... read
Siemens Sells Mobile Division to BenQ
Siemens today announced the sale of its mobile phone business to Taiwanese consumer electronics maker BenQ. The sale includes more than 6,000 employees worldwide and use of the Siemens ... read
Nokia Siemens Makes Bid for Nortel Unit
The Wall Street Journal is reporting that Nokia Siemens Networks has made an offer to buy large segments of Nortel's wireless networking and research units. The Journal, citing sources ... read
Nokia Siemens Joins Auction for Nortel Assets
According to the Associated Press, Nokia Siemens Networks is bidding against Ciena for some of insolvent Nortel's networking assets. Ciena placed a "stalking horse" bid of $521 million for ... read
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