Nokia Siemens Network Wins Major LTE Contract With Sweden's TeliaSonera
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Nokia Siemens Network, the 50-50 joint venture between Nokia Corp. (NOK) and Siemens AG (SI), recently won a major contract to supply LTE infrastructure gears to Swedish wireless operator TeliaSonera AB ’s (TLSNF.PK) Gothenburg network. Last December, TeliaSonera became the first wireless service provider in the world to commercially offer the next-generation super-fast LTE network. TeliaSonera will roll out a super fast LTE network in 25 municipalities in Sweden and 4 in Norway. The company selected LM Ericsson AB (ERIC) and Nokia Siemens Network as its two primary LTE network equipment suppliers. This contract is very crucial for the future growth of Nokia Siemens Network. The company is the second largest telecom infrastructure developer in the world with a 21% market share. However, it is facing severe competition from the Chinese giant Huawei Technologies Co. Ltd.Complete Story »
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