Nokia Siemens Networks remains committed to long term wireless
leadership and growing its business i
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Following the outcome* of the auction for the CDMA and Long TermEvolution (LTE) assets of Nortel, Nokia Siemens Networks remainsfocused on maintaining its leadership in the global wirelessinfrastructure industry and sustaining its recent momentum in theNorth American market,"Our final offer for Nortel's assets represented a fair price, and wedid not enter this process with a win-at-any-cost mindset," saidBosco Novak, Chief Markets Operations Officer, Nokia SiemensNetworks. "Ours was an opportunistic bid aimed at supporting thegreat progress we've made in North America in the past 18 months, andwe are very confident that momentum will continue to grow."Nokia Siemens Networks has transformed its North American businessunder the leadership of region head Sue Spradley. The companyannounced on July 20, 2009 it had won a contract with the newCanadian mobile operator Globalive Wireless for the roll-out of a 3Gnetwork in Canada. This marked the fourth such agreement in just overa year following deals with Bell Canada, TELUS and Videotron in 2008.Momentum also continues to build in the U.S. where Nokia SiemensNetworks has a leading position in long-haul optical networks and isbuilding its business with both cable and wireless operators asillustrated by recent key deals for IMS technology with Time Warnerand with Verizon Wireless to support the roll-out of LTE.Nokia Siemens Networks is well positioned to transition itsleadership in 3G into long-term success in LTE throughout the networkfrom the core IMS system it is building for Verizon Wireless to theRadio Access technology it is supplying with partner Panasonic to NTTDoCoMo in Japan. Nokia Siemens Networks has enjoyed recent wins inboth Asia and Europe for LTE and is working on other prospects withcustomers across the globe."With our powerful R&D capacity, strong portfolio and Servicescapabilities and global scale and reach, Nokia Siemens Networks ispositioned for long term success as one of the winners in a wirelessindustry that is rapidly consolidating around three vendors," saidMika Vehvilainen, Chief Operating Officer of Nokia Siemens Networks."Our LTE platform is winning a growing number of customers across theworld and we are well positioned to deliver the benefits of nextgeneration wireless technology to customers in North America andelsewhere."About NokiaNokia is a pioneer in mobile telecommunications and the world'sleading maker of mobile devices. Today, we are connecting people innew and different ways - fusing advanced mobile technology withpersonalized services to enable people to stay close to what mattersto them. We also provide comprehensive digital map informationthrough NAVTEQ; and equipment, solutions and services forcommunications networks through Nokia Siemens Networks.About Nokia Siemens NetworksNokia Siemens Networks is a leading global enabler oftelecommunications services. With its focus on innovation andsustainability, the company provides a complete portfolio of mobile,fixed and converged network technology, as well as professionalservices including consultancy and systems integration, deployment,maintenance and managed services. It is one of the largesttelecommunications hardware, software and professional servicescompanies in the world. Operating in 150 countries, its headquartersare in Espoo, Finland. www.nokiasiemensnetworks.comEngage in conversation about Nokia Siemens Networks' aim to reinventthe connected world at http://unite.nokiasiemensnetworks.com and talkabout its news at http://blogs.nokiasiemensnetworks.comFind out if your country is exploiting the full potential ofconnectivity at http://connectivityscorecard.orgFORWARD LOOKING STATEMENTS:It should be noted that certain statements herein which are nothistorical facts, including, without limitation, those regarding: A)the timing of product, services and solution deliveries; B) ourability to develop, implement and commercialize new products,services, solutions and technologies; C) our ability to develop andgrow our consumer Internet services business; D) expectationsregarding market developments and structural changes; E) expectationsregarding our mobile device volumes, market share, prices andmargins; F) expectations and targets for our results of operations;G) the outcome of pending and threatened litigation; H) expectationsregarding the successful completion of contemplated acquisitions on atimely basis and our ability to achieve the set targets upon thecompletion of such acquisitions; and I) statements preceded by"believe," "expect," "anticipate," "foresee," "target," "estimate,""designed," "plans," "will" or similar expressions areforward-looking statements. These statements are based onmanagement's best assumptions and beliefs in light of the informationcurrently available to it. Because they involve risks anduncertainties, actual results may differ materially from the resultsthat we currently expect. Factors that could cause these differencesinclude, but are not limited to: 1) the deteriorating global economicconditions and related financial crisis and their impact on us, ourcustomers and end-users of our products, services and solutions, oursuppliers and collaborative partners; 2) the development of themobile and fixed communications industry, as well as the growth andprofitability of the new market segments that we target and ourability to successfully develop or acquire and market products,services and solutions in those segments; 3) the intensity ofcompetition in the mobile and fixed communications industry and ourability to maintain or improve our market position or respondsuccessfully to changes in the competitive landscape; 4)competitiveness of our product, services and solutions portfolio; 5)our ability to successfully manage costs; 6) exchange ratefluctuations, including, in particular, fluctuations between theeuro, which is our reporting currency, and the US dollar, theJapanese yen, the Chinese yuan and the UK pound sterling, as well ascertain other currencies; 7) the success, financial condition andperformance of our suppliers, collaboration partners and customers;8) our ability to source sufficient amounts of fully functionalcomponents, sub-assemblies, software and content without interruptionand at acceptable prices; 9) the impact of changes in technology andour ability to develop or otherwise acquire and timely andsuccessfully commercialize complex technologies as required by themarket; 10) the occurrence of any actual or even alleged defects orother quality, safety or security issues in our products, servicesand solutions; 11) the impact of changes in government policies,trade policies, laws or regulations or political turmoil in countrieswhere we do business; 12) our success in collaboration arrangementswith others relating to development of technologies or new products,services and solutions; 13) our ability to manage efficiently ourmanufacturing and logistics, as well as to ensure the quality,safety, security and timely delivery of our products, services andsolutions; 14) inventory management risks resulting from shifts inmarket demand; 15) our ability to protect the complex technologies,which we or others develop or that we license, from claims that wehave infringed third parties' intellectual property rights, as wellas our unrestricted use on commercially acceptable terms of certaintechnologies in our products, services and solutions; 16) our abilityto protect numerous Nokia, NAVTEQ and Nokia Siemens Networkspatented, standardized or proprietary technologies from third-partyinfringement or actions to invalidate the intellectual propertyrights of these technologies; 17) any disruption to informationtechnology systems and networks that our operations rely on; 18)developments under large, multi-year contracts or in relation tomajor customers; 19) the management of our customer financingexposure; 20) our ability to retain, motivate, develop and recruitappropriately skilled employees; 21) whether, as a result ofinvestigations into alleged violations of law by some formeremployees of Siemens AG ("Siemens"), government authorities or otherstake further actions against Siemens and/or its employees that mayinvolve and affect the carrier-related assets and employeestransferred by Siemens to Nokia Siemens Networks, or there may beundetected additional violations that may have occurred prior to thetransfer, or violations that may have occurred after the transfer, ofsuch assets and employees that could result in additional actions bygovernment authorities; 22) any impairment of Nokia Siemens Networkscustomer relationships resulting from the ongoing governmentinvestigations involving the Siemens carrier-related operationstransferred to Nokia Siemens Networks; 23) unfavorable outcome oflitigations; 24) allegations of possible health risks fromelectromagnetic fields generated by base stations and mobile devicesand lawsuits related to them, regardless of merit; as well as therisk factors specified on pages 11-28 of Nokia's annual report onForm 20-F for the year ended December 31, 2008 under Item 3D. "RiskFactors." Other unknown or unpredictable factors or underlyingassumptions subsequently proving to be incorrect could cause actualresults to differ materially from those in the forward-lookingstatements. Nokia does not undertake any obligation to publiclyupdate or revise forward-looking statements, whether as a result ofnew information, future events or otherwise, except to the extentlegally required.Media and Investor Enquiries:Nokia Siemens NetworksBen HuntCommunicationsTel. +44 7508 002382Email: ben.hunt(at)nsn.comChantal BoeckmanCommunications, North AmericaPhone: +1 469-789-9594E-mail: chantal.boeckman(at)nsn.comNokia Investor Relations EuropeTel. +358 7180 34289Nokia Investor Relations USTel. +1 914 368 0555www.nokia.comwww.nokiasiemensnetworks.com*Notes to EditorFollowing Nokia Siemens Networks' agreement with Nortel to acquireassets announced on June 20 the acquisition process moved to anauction on July 24 for those assets as specified by the US Bankruptcycourt on June 29 in which other qualified bidders were invited toparticipate. --- End of Message ---NOKIAP.O. Box 226
FIN-00045 NOKIA GROUP Espoo WKN: 870737; ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50;Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;
Datum: 25.07.2009 - 07:11 Uhr
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