Nokia Siemens buying pieces of Nortel

Nokia Siemens the telecom equivalent of ultrazord is looking to gain traction in the North American market.  Nortel, a company that has been taking massive hits in the current economy needed to make something happen in order to stay in existence and has sold its LTE and CDMA assets to Nokia Siemens Networks.  All things considered, this was a good move on both companies parts as Nortel was operating under bankruptcy protection (they had a net loss of $507 million in the first quarter of this year) and the newly acquired cellular assets give Nokia Siemens a very strategic position to operate in within the North American market.

The acquisition was described by Nokia Siemens as “a significant step towards strengthening its leadership in LTE wireless technology.”  If you don’t know what LTE wireless technology is, think about the 3G speeds you’re getting on your smartphone, then think about the next level up from that.

Nokia also said that “The acquisition of Nortel’s profitable CDMA business would significantly improve Nokia Siemens Networks’ presence in North America and make it a leading supplier of wireless infrastructure products in the region”.  So what we have here is Nokia making a major push into the North American wireless infrastructure market.  Although its very early to make such calls, I would definitely expect to start seeing more speced out Nokia mobile devices to appear in the U.S.  Phones like the Nokia N97 are begging to take advantage of the next generation wireless technology that Nokia is acquiring.  I think that in the not too distant future Nokia will make a push into the states like nothing we’ve ever seen before.  I would also keep an eye on symbian, as the OS that these devices will run on is a key component as well.

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