Nokia Siemens seeks bigger share of North American market

Nokia Siemens Networks, the world's third-biggest maker of telecommunications equipment, aims to become first or second in the North American market from being sixth now, a Bloomberg report, quoting the company's CEO said.

"Nokia Siemens is number one or number two in all markets except North America, where we're sixth,'' CEO Simon Beresford-Wylie was quoted by the Bloomberg report as saying. "We are determined to have a position in North America that's representative of our global position generally.''

Nokia and Siemens combined their phone equipment units in April to form a company that competes with Alcatel-Lucent and Ericsson, the Bloomberg report said.

The venture, which has annual sales of 17.1 billion euros ($22.7 billion), is cutting 15% of its workforce, or 9,000 jobs, by 2010 to reduce costs, the report added.

Broadband Internet presents a 'tremendous opportunity'' because there will be billions of connections by 2015, Beresford- Wylie was further quoted by the Bloomberg report as saying.

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