MUNICH—Siemens AG said it struck a turnkey deal with Hutchison 3G Austria GmbH worth "an amount in the multi-digit millions" to plan, set up and supply carrier’s W-CDMA network buildout. In addition, the agreement spells out that Siemens will partially operate the network, providing...
As the idea of a combined Alcatel Inc. and Lucent Technologies Inc. settles in, Nokia Corp. and Siemens AG skated into the wireless infrastructure marketplace with plans to combine Nokia's Networks Business Group with Siemens' fixed and mobile networks operations. The 50-50 joint venture...
MUNICH—Nokia Corp. and Siemens AG named the future executive team of their recently announced joint venture, which will combine Nokia’s Networks Business Group with Siemens’ Communications division. The companies previously said that Simon Beresford-Wylie, executive vice president and general manager of Nokia Networks, is...
FRANKFURT, Germany—Nokia Corp. and Siemens AG struck a deal to combine Nokia’s Networks Business Group with Siemens’ fixed and mobile networks operations, creating a 50-50 joint venture to be called Nokia Siemens Networks. The companies noted that their infrastructure businesses currently generate a combined...
Siemens AG is the latest in a series of vendors to announce new contracts in China, signs that the country continues to stand as a major opportunity for infrastructure makers. Siemens announced two deals with mobile operators for GSM equipment and an order for...
MUNICH—Siemens AG is the latest in a series of vendors to announce new contracts in China, signs that the country continues to stand as a major opportunity for infrastructure makers. Siemens announced two deals with mobile operators for GSM equipment and an order for...
MUNICH, Germany—Siemens AG announced plans to cut about 1,000 jobs in Germany from its largest division, Communications. The wireless and wireline telecommunications equipment unit has struggled to rake in profits in the face of biting competition that has forced equipment vendors to lower their...
A German newspaper reported last week that Motorola Inc. is looking into buying Siemens A.G.'s money-losing telecom equipment unit, Com. The Allgemeine Sonntagszeitung reported that Motorola is mostly interested in the profit-bearing Mobile Network division of Com, but Siemens wants to sell Com in...
FRANKFURT, Germany—A German newspaper reported that Motorola Inc. is looking into buying Siemens A.G.’s money-losing telecom equipment unit, Com. The Allgemeine Sonntagszeitung reported that Motorola is mostly interested in the profit-bearing Mobile Network division of Com, but Siemens wants to sell Com in its...
As Alcatel Corp.'s board of directors met last Thursday to review its "merger of equals" with long-time rival telecom equipment vendor Lucent Technologies Inc., analysts were pounding out reports and talking up a storm, delving into the merger's many angles. The Yankee Group said...
In the wireless universe, one outstanding fact about India trumps its ancient history, heterogeneous society and complex political and economic mix: With more than 1 billion people, India is the second-most-populous country in the world, and with rising prosperity, its citizens are buying wireless...
MUNICH, Germany—Siemens AG said its chief financial officer, Heinz-Joachim Nueburger, has resigned from his position for personal reasons and plans to step down in May, a year before his contract expires. His replacement, Joe Kaeser, is a company veteran and has been Siemens’ chief...
HANNOVER, Germany—BenQ Mobile appeared to be fulfilling its promise of creating intriguing handsets in a nimble timeframe, as it presented six new multimedia phones at the CeBIT trade show in Hannover, Germany this week. The new phones bring BenQ’s total number of new handset...
As all things GSM were talked about last week during the 3GSM World Congress trade show, the wireless industry was put on notice that Cingular Wireless L.L.C. is getting down to business with its national UMTS network buildout plans. The carrier announced contract expansions...
MUNICH, Germany-Siemens AG said it expects to begin shipping TD-SCDMA equipment by the middle of this year, a move the company said shows that its strategy in China will pay off as carriers begin construction on third-generation networks in the world's largest wireless market....
Telecom equipment vendors posted fiscal first-quarter results and watched their stocks react accordingly. Thanks in part to a $278 million bankruptcy lawsuit ruling, Lucent Technologies Inc. posted a first-quarter net loss of $104 million, or 2 cents per share.The telecom equipment maker said the...
MUNICH, Germany-Siemens AG delivered strong first quarter results, posting new orders worth $32.8 billion, a 31-percent increase from $20.4 billion in new orders a year earlier. Wall Street reacted favorably, boosting Siemens' stock to its biggest gain in more than two years. The stock...
MUNICH-Siemens AG said it has sold Siemens Accelerations to an undisclosed investor for an undisclosed amount. The company explained that Siemens Acceleration was an early-stage investment boutique for startup companies and was a subsidiary of Siemens Communications. The subsidiary was comprised of about 25...
MUNICH, Germany-Siemens AG said it received a $70.8 million order from the Saudi Railways Organization to upgrade more than 600 miles of the Saudi Arabian railway network infrastructure between Dammam and Riyadh. The network upgrades include new signaling and safety equipment, a GSM railway...
NEW YORK-Siemens AG's equipment is not part of Cingular Wireless L.L.C.'s 16-city UMTS/HSDPA rollout, according to UBS Investment Research, which stands as a blow to the equipment provider. Further, Siemens' absence brings into question the company's future with Cingular. UBS said Cingular deployed radio...
Siemens AG announced plans to invest substantial capital in key Asian markets, aiming to climb from the No. 3 position to the No. 2 slot among the world's mobile telecommunications equipment makers. "We want to be No. 2 on the world market for mobile...
MUNICH, Germany-Siemens AG said its Music2You music download technology is set to launch through T-Mobile International. The two companies recently signed a framework agreement, making Music2You the preferred solution for all T-Mobile International subsidiaries worldwide.T-Mobile Germany is to offer the Siemens solution as "MobileJukebox,"...
HONG KONG-Siemens AG announced plans to invest substantial capital in key Asian markets, aiming to climb from the No. 3 position to the No. 2 slot among the world's mobile telecommunications equipment makers. "We want to be number two on the world market for...
MUNICH, Germany-Siemens AG reported its fourth-quarter results, posting a net profit of $90.6 million, which was an 88 percent decline compared with the year-ago result of $767.3 million.Profits dwindled in the company's Communications division, which brought in only $62.2 million in revenues during the...
