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Loading ...OK, I apologise for the head-line, but it was just there to be typed. You know you industry is in a mess when it is permanently in the WSJ. Yesterday is was Sun and IBM, today it’s Nortel and Nokia Siemens Networks.
Nokia Siemens Networks, seeking a bigger foothold in the U.S. market, has offered to buy large pieces of Nortel Networks Corp., including much of its profitable carrier networks unit and a research unit developing a next-generation wireless technology, according to people familiar with the matter. (more in the Wall Street Journal subscription required)
Last year they were neck and neck in the Media Gateway and Softswitch markets. Now it’s not VoIP, it’s investment. Well, I say investment. I mean rescue. The answer to Nortel Where Now? may well be Nokia Siemens for at least some of the business. There are obvious synergies, and it would flesh out both of there product sets, especially in the mobile infrastructure space.
It isn’t clear what that will mean for Nortel’s enterprise customers, but if it helps Nortel get back on their feet, it must be a good thing.
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