Nokia CEO Rajeev Suri said Ericsson and Cisco's partnership to resell each other's products and services and jointly develop new ones means that Nokia was right to purchase rival Alcatel-Lucent for $16.6 billion (€15.6 billion). Nokia also commenced its formal share offer to buy Alcatel-Lucent's outstanding shares and drive the merger toward completion early next year.
Nokia named the executive who will head up its business in India after the completion of its proposed €15.6 billion ($16.7 billion) merger with Alcatel-Lucent.
Better signal performance and lower power consumption are two of features Alcatel-Lucent promises to deliver in a new radio interface for distributed antenna systems (DAS).
Nokia confirmed that Alcatel-Lucent CTO Marcus Weldon, who also serves as the president of Bell Labs, will take on the CTO role in the combined company once Nokia completes its acquisition of Alcatel-Lucent.
Nokia named the two executives who will head up its businesses in Europe and the Middle East and Africa (MEA) following the completion of its proposed €15.6 billion ($16.8 billion) merger with Alcatel-Lucent that it expects to close in the first half of 2016.
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.