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Nokia & Siemens To Merge Network Business

2006-06-18 23:58 · posted by ryuzaki0 · from the joining-together-to-become-more-powerful dept. · 47 comments

An anonymous reader writes "Nokia and Siemens are joining forces in fixed and mobile network businesses to create a new global player, Nokia Siemens Networks. Based in Finland, the new company will have a revenue of 15.8 billion euros, and a workforce of 60.000 (before the projected "synergy benefits", that will cut costs 1,5 billions euros, and make 10-15 per cent of employees redundant, that is). More info in their press release." There's been other information released in the media as well.