Nokia Siemens gains market share in telecom equipment -Dell'Oro

HELSINKI Tue Nov 13, 2012 3:16pm IST

The logo of the telecommunications services company Nokia Siemens Networks is pictured on top their office in Berlin October 9, 2012. REUTERS/Fabrizio Bensch/Files

The logo of the telecommunications services company Nokia Siemens Networks is pictured on top their office in Berlin October 9, 2012.

Credit: Reuters/Fabrizio Bensch/Files

Related Topics

Stocks

   

HELSINKI (Reuters) - Nokia Siemens Networks NOKI.UL made strong gains in the mobile telecom equipment market in the third quarter, narrowing the gap with market leaders Ericsson (ERICb.ST) and Huawei HWT.UL, telecoms industry research firm Dell'Oro said on Tuesday.

Nokia Siemens reported record third quarter profits last month on the back of deals to help build new high-speed wireless technology networks. This marked a major turnaround for the partnership that has hurt profits at owners Nokia (NOK1V.HE) and Siemens (SIEGn.DE) since it was set up in 2007.

"Nokia Siemens Networks had a good quarter driven by revenues that were recognised with KDDI and Softbank," said Dell'Oro analyst Stefan Pongratz.

Nokia Siemens' overall market share rose to 20 percent from 18 percent last quarter, Dell'Oro said. It also estimated the venture overtook Alcatel-Lucent's (ALUA.PA) No. 2 position in the high-speed wireless technology network market.

Market leader Ericsson saw its overall share slip to 34 percent from 35.5 percent in the previous quarter, while No. 2 Huawei's share was unchanged at 22 percent, Dell'Oro said.

Telecom equipment makers are all facing pricing pressures and slower spending by telecoms companies. The overall market shrank 11 percent in the third quarter from a year ago, Dell'Oro said.

(Reporting By Tarmo Virki. Editing by Jane Merriman)

FILED UNDER:
  • Most Popular
  • Most Shared

Tech Showcase

Antitrust Measure

Antitrust Measure

European Parliament may propose Google break-up in draft resolution.  Full Article 

Regulating Apps

Regulating Apps

Singapore to regulate taxi-booking apps Uber, GrabTaxi.  Full Article 

Aereo Bankrupt

Aereo Bankrupt

Aereo files for bankruptcy  Full Article 

Cyber Spying

Cyber Spying

U.S. accuses China of cyber spying on American companies  Full Article 

Tech Workers

Tech Workers

Obama's immigration tweaks leave Big Tech wanting more.  Full Article 

Net Neutrality

Net Neutrality

FCC chief says U.S. Internet rules must stand up to lawsuits  Full Article 

New Amazon Service

New Amazon Service

Amazon plans ad-supported video streaming service - NY post  Full Article 

Travel Technology

Travel Technology

Airlines eye tech partners to tap customer data  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage