Nokia Siemens Hopes to Increase Market Share in North America

Press Release - June 22, 2007

The world’s third biggest telecom equipment manufacturer, Nokia Siemens Networks, is planning an aggressive effort to improve its position in the North American market, according to the joint venture’s Chief Executive Officer, Simon Beresford-Wylie.

“Nokia Siemens is number one or number two in all markets except North America, where we’re sixth,” the CEO commented in a recent conference in Toronto. “We are determined to have a position in North America that’s representative of our global position generally.”

Nokia Siemens Networks was formed last year when Finland’s Nokia and Germany’s Siemens agreed to merge their telecom equipment divisions. The venture has annual sales of €17.1 billion, trailing only Ericsson and Alcatel-Lucent in the global telecom gear market.