Nokia & Siemens To Merge Network Business

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.

Comments

It brings them 'synergy'

[Don_dumb]

That's the last thing any of the employees want to hear.
For us consumers does this mean the usual reduction in R&D competition. I am not a big phone nut, but I do want to see the technology push forward.