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Nokia Siemens Networks
Nokia Siemens Networks was established in 2007, born from a joint venture between Nokia and Siemens AG.
Nokia Siemens Networks
Nokia Siemens Networks was established in 2007, born from a joint venture between Nokia and Siemens AG. The agreed structure pooled their respective telecom and networking equipment units into a single entity with headquarters in both Espoo, Finland (Nokia's base) and Stockholm, Sweden (Siemens' related hub). As an operating company, Nokia Siemens Networks focused on wireless and fixed-line infrastructure, IP routing, optical transport, and broadband access. The firm delivered equipment and services to mobile operators globally, competing directly against Ericsson and Huawei. Major customers included AT&T, Vodafone, and China Mobile, with deployments spanning Europe, Asia, and the Americas. The venture employed roughly 75,000 people at launch, with combined revenue exceeding €17 billion. Nokia Siemens Networks maintained key R&D and manufacturing facilities, notably a significant research presence in Espoo, Finland, and an operations center in Albuquerque, New Mexico. In 2013, Nokia's acquisition of Siemens' 50% stake for about €1.7 billion folded the unit into its Networks segment. A structural differentiator was the joint-venture governance model itself: a 50/50 ownership split required strategic alignment between two large corporate parents, each contributing distinct product lines and regional expertise. Nokia's subsequent full buyout simplified the ownership and allowed unified strategic direction under Nokia's overall corporate structure.
General information
Firm type
other
Year founded
2007
AUM
Undisclosed
Location
Region
Europe
Country
Finland
City
Espoo
Corporate office
Espoo, Finland
Additional offices
Stockholm, Sweden · Albuquerque, New Mexico, United States
Sector focus
Frequently asked questions
Why was Nokia Siemens Networks created?
Nokia and Siemens created the joint venture in 2007 to combine their telecom equipment and networking divisions, aiming to achieve scale and cost synergies in a rapidly consolidating market dominated by Ericsson and Huawei (per Nokia-Siemens press release, 2007).
What happened to Nokia Siemens Networks after 2013?
Nokia fully acquired Siemens' stake in 2013 for about €1.7 billion, absorbing the business into its Networks segment. The Nokia Siemens Networks brand was subsequently phased out, and the operations became part of Nokia's networking infrastructure unit.
Who were the main competitors of Nokia Siemens Networks?
The joint venture competed directly with Ericsson, Huawei, and Alcatel-Lucent in the market for mobile and fixed telecom network equipment, including base stations, routers, and optical transport systems (per public record).
Did Nokia Siemens Networks have a significant geographic presence?
Yes. The JV inherited global operations from both parents, with headquarters in Espoo, Finland and Stockholm, Sweden. It served customers across Europe, Asia, the Americas, and Africa, with notable facilities in Albuquerque, New Mexico.
What was the approximate staff size of Nokia Siemens Networks at launch?
At its formation in 2007, the joint venture employed roughly 75,000 people, combining Nokia's Networks unit (approximately 60,000) and Siemens' Communications segment (about 15,000) — per the firms' official merger announcement.
How did Nokia Siemens Networks differ from a typical startup or family office?
Nokia Siemens Networks was a large corporate joint venture, not a fund or family office. Its structure reflected corporate strategy, not private wealth management, and it operated as an equipment vendor and service provider, not an investment vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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