Barcelona, Spain _ The future Nokia Siemens Networks last week unveiled its branding and logo and held its first combined media event in a signal that the latest merger in the telecom world is on track for its close in the first quarter.
The merger of the network divisions of Nokia and Siemens follows the tie-ups between major vendors Alcatel and Lucent as well as Ericsson and Marconi.
Nokia Siemens CEO-designate, Simon Beresford-Wylie, announced at the 3GSM World Congress here in Barcelona that the future company was “day one ready” and noted that its combined product portfolio was being shown to customers for the first time last week.
He claimed the new entity was aiming to save 1.5 billion euros by 2010 though operational synergies, 40 percent of which would be realised from combined R&D. Other areas where costs can be shaved include procurement, a rationalisation of sales and marketing functions, consolidated IT systems and real estate.
He spoke of a strategy that would focus on opportunities in mobility and broadband, but which wouldn’t be shackled by any particular technology “religion”.
“We need...
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