Nokia Solutions and Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, they operate at the forefront of each generation of mobile technology. Nokia’s global experts invent the new capabilities customers need in their networks. While providing the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly. With headquarters in Espoo, Finland, Nokia operates in over 120 countries and had net sales of approximately 13.4 billion euros in 2012. NSN is wholly owned by Nokia Corporation. (Source)
Nokia Siemens Networks, the world’s mobile broadband specialist, today becomes Nokia Solutions and Networks and is now known as NSN. Here’s a look at the new logo to reflect the changes:
The new name reflects NSN’s change of ownership following Nokia’s acquisition of Siemens’ entire 50 percent stake, which was announced on July 1, 2013, and completed today. Nokia Solutions and Networks is wholly owned by Nokia and will continue to be consolidated by Nokia. As announced by Nokia, Rajeev Suri will continue as CEO and the NSN Executive Board will remain unchanged as a result of the transaction. Unveiling the new name, NSN renewed its commitment to driving leadership in the mobile broadband sector and to operating as a more independent entity.
“While our name and brand have changed, I would like to emphasize that our overall strategy and our focus on mobile broadband remain the same,” said Rajeev Suri, CEO of NSN. “Our customers will not notice any difference in our unstinting commitment to delivering superior technology and services across the world. Today’s announcement is, however, an exciting new chapter in our transformation story.” (Press Release)
The New NSN Website
When announcing the transaction, Nokia stated its intention to “continue to strengthen the company as a more independent entity”. NSN, therefore, sees continuity and stability as major goals in the change of ownership, and is committed to pressing on with its strategy. NSN has delivered four consecutive quarters of strong profitability, positioning the company well for strong long-term leadership in the industry. The turnaround strategy, announced in November 2011, is therefore delivering solid results. NSN’s goal remains, to develop profitable businesses with customers worldwide, deploying the ever-growing possibilities of universal connectivity and content. (Press Release)
NSN Recently celebrated 15 years and during the past year, NSN has further enhanced its Managed Services business approach, increased its overall operational efficiency and built mechanisms for evaluating and managing the Managed Services deals into success. At the same time, NSN has been looking for new opportunities and continued or renewed nearly 90% of its existing Managed Services contracts. For example, in India NSN has recently renewed all of its Managed Services contracts, while increasing services scope and improving Key Performance Indicators and Service Level Agreement requirements at the same time. Voice and Data is ranking NSN number one in the Indian Managed Services market again this year. (Source)