Frankfurt: Nokia Siemens Networks, the world's second-largest maker of mobile phone network equipment, said it will cut about 2,900 of a total 9,100 jobs in Germany, with most to go by the end of this year. "In Germany we are concentrating on our strong customer relations and on research and development in mobile broadband, especially in LTE and optical networks," Hermann Rodler, Country Director of Nokia Siemens Networks in Germany,...
05:26 PM, Jan 31, 2012
Helsinki: Struggling telecom network equipment maker Nokia Siemens Networks has agreed to sell its fixed line Broadband Access business unit to US firm Adtran as part of a revamp of its operations. The sale is one of the first divestments for loss-making NSN since it announced plans last month to sell units and axe 17,000 jobs, nearly a quarter of its workforce. The price of the deal - which includes...
02:56 PM, Dec 12, 2011
New Delhi: Telecom equipment maker Nokia Siemens Networks will slash 17,000 jobs as part of efforts to reduce 1 billion euro in costs by the end of 2013. Nokia Siemens Networks, a joint venture between Finnish cellphone maker Nokia and German conglomerate Siemens, has been grappling with tough business conditions. Unveiling its strategy to focus on mobile broadband and services, Nokia Siemens Networks today said it plans to cut 17,000...
10:34 AM, Nov 24, 2011
Helsinki: Nokia Siemens Networks said on Tuesday it has started to sell a USB-dongle and two wireless router models for new TD-LTE network technology, marking its entrance into the devices business. The new devices, stemming from its $975 million acquisition of Motorola Solutions' network gear business, are commercially available to support 4G services using the TD-LTE standard in the 2.3 GHz and 2.6 GHz bands, it said. Nokia Siemens Networks,...
12:08 PM, Sep 27, 2011
In early 2009, Ramesh Kymal got a phone call that changed his life. Kymal was then the managing director of the Indian subsidiary of Vestas, the biggest wind turbine maker in the world. For the past five years, Kymal had tried and failed to convince his bosses in Denmark that he needed new investments in India. Eventually, he gave up and decided to move on. Yet, after six long months...
12:35 PM, Sep 17, 2011
London: Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecom network unit in April, a spokesman said on Thursday. The spokesman said the process, which affects staff working in the GSM and Wimax technology divisions in several countries including the United States, had begun in Britain. Nokia Siemens Networks was formed in 2007 as a joint venture...
07:35 AM, Aug 05, 2011
Mumbai: British Telecom is in talks with hardware telecom companies to sell its 24.4 per cent stake in Tech Mahindra, reports CNBC-TV18’s Kritika Saxena quoting sources. It is learnt that Alcatel-Lucent, Ericsson and Siemens are in the fray. Sources add that the stake sale may be in two tranches, selling 10 per cent in the first go. Though the price is not known, it is learnt that BT is likely...
05:33 PM, Feb 16, 2011
Bangalore: Siemens IT Solutions and Services Limited unveiled a new media platform that enables enterprises in the broadcasting, education and publishing segments to offer digital content with social media value. Coined iNeevM, the next generation platform facilitates content owners and service providers to manage and deliver digital content over the internet to multiple online users with an option to provide social media benefits and advertisement as a revenue stream. "Our...
01:15 PM, Dec 10, 2010
Washington: Inspired by the science fiction movie "I, Robot," two high school students, one of them an Indian American, have developed a speech recognition technology that has won them a $100,000 grand prize. Akash Krishnan and Matthew Fernandez of Portland, Oregon, who developed a computer algorithm that can detect a speaker's emotions better than current technology, would share the team prize, the Siemens Competition for America's top math and science...
05:05 PM, Dec 08, 2010
Infosys mentor NR Narayana Murthy was involved in the airport project. ...
02:09 AM, Dec 22, 2009
Stocks of American auto giant General Motors fell to a 65-year-low. ...
01:38 PM, Nov 12, 2008
The group said it may sell a division in Germany that employs 500 people. ...
12:03 AM, Nov 12, 2008
21 services of brand new coaches rolled out on the Western line on Monday. ...
09:52 PM, Nov 12, 2007
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