Nokia Siemens wins $935 million Saudi Arabia deal
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Nokia Siemens Networks  said  on Monday it had won an order worth $935 million from telecom  operator Zain  to build second- and third-generation  mobile networks in Saudi Arabia.
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Saudi Telecom, the leading Middle East telecommunications group, has agreed to pay $2.6bn for a 35 per cent stake in Oger Telecom, a mobile phone operator in emerging markets.
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(InfoWorld) - Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs. The move comes just days after BenQ announced it wouldÂ stop investing in BenQ Mobile, because it saw no end to the losses after already sinking over â¬600 million into the unit. BenQ Mobile, which employs 3,000 workers in Germany, immediately said it wouldÂ file for bankruptcy protection. Newspaper reports cited name calling and legal threats from both Siemens and BenQ in the dispute over the fate of workers at BenQ Mobile, but a BenQ representative said there has been no official contact between the two companies and that much of the talk is mere speculation. On Tuesday, Siemens announced it would set up the employee education and retraining fund, contributing â¬5 million of the sum from a salary increase already approved for Siemens' management, it said in a statement. The German electronics giant said its decision toÂ sell the mobile phone division to BenQÂ provided the greatest possible benefits to employees at the time of the sale, and that closing the business outright would have been a less expensive option. BenQ had presented a credible plan for operating and expanding the mobile phone division at the time of the sale, and Siemens believed it was sincere, the company said. The company expressed shock at BenQ's decision to "put its people on the street." BenQ declined to immediately comment on the jab. Siemens paid BenQ â¬250 million to take the loss-making division off its hands last year, and even agreed to buy a â¬50 million stake in BenQ to solidify the deal. Since then, BenQ Mobile's business has continued to deteriorate as rivals in the mobile phone industry snap up market share. The division caused BenQ toÂ post lossesÂ in each of the past three financial quarters.
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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.
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A Saudi consortium has awarded four international firms 1.5 billion riyals (&#36;400 million) worth of contracts to set up the second GSM network in the kingdom.
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Wireless telephone company Nextel Communications confirmed Wednesday it is being bought by rival Sprint in a cash and stock deal said to be worth more than $35-billion US.
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Nokia Siemens Networks (NSN) said Tuesday it has signed a strategic partnership with Deutsche Telekom as well as two deals worth 450 million euros (317 million dollars) over five years.
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Hewlett-Packard Co. said on Wednesday  it had signed a five-year technology outsourcing agreement with  Nokia worth $100 million per year, finalizing a deal first  flagged in February.
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Nokia, the world's leading mobile phone maker, posted Thursday an 85 percent rise in third quarter net profit to 1.56 billion euros (2.22 billion dollars) even though mobile phone sales were only up by three percent.
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Finland's Nokia (NOK1V.HE) said on  Wednesday it had won an order from Taiwan Mobile Co. (3045.TW)  to expand its WCDMA 3G mobile telecoms network.
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Saudi Telecom is to buy 25 per cent of Maxis, Malaysia&#39;s biggest mobile operator, in a $3bn deal that represents one of the biggest foreign investments in the south-east Asian country.
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Nokia and Siemens agree to merge their mobile and fixed-line phone network equipment businesses.
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NEW YORK - Sprint Corp. is buying Nextel Communications Inc. in a $35-billion US deal that will create the third-largest wireless phone company in the US.
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The wireless service provider offered more than $5 billion in stock for rival Leap.
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Nokia signed a contract with the Libyan post office for a nationwide mobile-phone network in a deal valued at &#36;146 million, the Finnish company said Monday.
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Nokia, the world's largest mobile phone maker has signed two contracts worth over two billion euros (2.54 billion dollars) with Chinese companies China Mobile and PTAC.