News

• Nokia Siemens to slash 17,000 jobs worldwide

  Struggling network infrastructure vendor Nokia Siemens Networks is planning to cut 17,000 jobs worldwide, as it aims to cut €1 billion (US$1.35 billion) from its costs by the end of 2013, the company said Wednesday.

• LTE more than higher speeds, says Nokia Siemens

  Attention has been focused on the higher speeds that will be offered by next generation LTE (Long-Term Evolution) mobile networks, but improved latency will be equally important to users, according to Nokia Siemens.

• Nokia Siemens changes CEOs

  The founding CEO of Nokia Siemens Networks has resigned and will be replaced by another long-term Nokia executive as the two-year-old company battles it out in a consolidating carrier-infrastructure industry.

• Ericsson wins auction to buy Nortel wireless business

  Sweden's LM Ericsson has won the bidding war over the wireless assets of Nortel Networks, agreeing to pay US$1.13 billion for the financially beleaguered Canadian company's CDMA business and LTE Access technology.

• RIM shut out of Nortel asset auction

  Research in Motion is calling on the Canadian government to review the auction of Nortel Network's assets claiming it was shut out of bidding for the troubled network hardware maker's wireless properties.

• Ex-Nortel exec leads rescue bidder's advisory team

  A private equity firm bidding for all of Nortel is reportedly assembling a management team for the company led by a former Nortel executive.

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  Nortel accepts Nokia Siemens bid for wireless assets

  Nortel Networks has entered into an agreement with Nokia Siemens Networks to sell its its wireless network infrastructure business assets for $US650 million, it said on Friday.