Nokia said Ricky Corker will become the head of its North American business following the close of its $16.8 billion deal to buy rival Alcatel-Lucent. Corker, a Nokia veteran with more than 10 years of experience at the company, currently serves as executive vice president for North America and chairman of SAC Wireless at Nokia Networks.
Ericsson and Cisco's partnership to resell each other's products and services and jointly develop new ones could generate well more than the $1 billion each in revenue by 2018 that the vendors have projected, according to senior executives at the firms. Meanwhile, John Chambers, Cisco's executive chairman and former CEO, indicated that he thinks Nokia's deal to acquire Alcatel-Lucent is likely to fail, something Nokia dismissed.
Ericsson and Cisco's announcement of a partnership to resell each other's products and services and collaborate on network design will accelerate U.S. carriers' shift to software-defined networking (SDN) and IP communications more broadly, according to top Ericsson and Cisco executives.
Vodafone, Telecom Italia and Etisalat committed to opening six Narrow Band Internet of Things (NB-IoT) open laboratories as part of their involvement in a new industry forum focussed on promoting the development of the technology.
Nokia Networks is partnering with wireless startup Artemis Networks (a 2014 Fierce 15 winner) to jointly test Artemis' pCell technology with wireless carriers inside and outside of the United States in 2016. Artemis also plans on selling wholesale LTE data capacity.
Millimeter wave technology, which has taken center stage in a recent Notice of Proposed Rulemaking (NPRM) at the FCC, is "better than you think it's going to be," but it's not easy, according to the president of Bell Labs, which has played an active role in the research of mmWave technology.
AT&T added Nokia to the Domain 2.0 supplier program to help develop its software-centric network.
As Nokia speeds toward completing its $17.1 billion acquisition of rival Alcatel-Lucent in the first quarter of 2016, industry analysts say that the two vendors are in strong financial shape after delivering their third-quarter results and are well-positioned to take on Ericsson and Huawei. However, Nokia and Alcatel-Lucent will likely need to make significant cuts to their combined mobile assets, which will result in job cuts, and rivals will be looking to press their advantages as the companies come together next year.
Alcatel-Lucent reported that strong sales across its three IP networking segments helped boost its Core Networking revenues 11 percent to $1.8 billion, but softness in its Submarine Networks division drove it to forecast flat revenues for the year 2015.
Nokia saw sales in the third quarter slump, driven by a sharp slide in revenue from its core networks business and in North America in particular. However, the vendor also offered good news to its investors with plans to return $4.4 billion (€4 billion) to shareholders. Nokia also noted that its $17.1 billion deal to buy rival Alcatel-Lucent remains on track and that it now expects to achieve $986 million in cost savings in 2018, a full year earlier than it previously expected.