Sunday, January 28, 2007

Nokia Siemens Networks to Outline Product Plan in Feb

Nokia and Siemens plan to start sharing the proposed product portfolio plan for the future Nokia Siemens Networks with employees and customers starting in early February. Planning is still underway to assess the personnel, site and country-level impact of the proposed product portfolio plan as well as expected transition times and requirements for ongoing support for existing products.

"As we continue to make strong progress in integration planning for Nokia Siemens Networks, it is critical that we are able to maintain the strong support that we have seen so far from customers by providing them with clarity about our future portfolio plans," said Simon Beresford-Wylie, CEO-designate of Nokia Siemens Networks.

As previously announced, the synergies associated with the creation of Nokia Siemens Networks are expected to result in a headcount adjustment over the next four years of approximately 10-15 percent from the initial combined base of approximately 60,000.

The companies said their planned merger is now expected to close in the first quarter of 2007.

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