Monday, October 18, 2021

Nokia, Siemens to merge telecom units

Nokia Corp. and Siemens AG announced on Monday that they will merge their telecommunications infrastructure units to form Nokia Siemens Networks, the third such combination formed recently and an indication of the growing competitive pressures in the telecom supplier market.

Nokia is contributing its Networks Business Group and Siemens its carrier-related operations for fixed and mobile networks. The divisions together generated combined revenue last year of

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