Nokia Siemens gains market share in telecom equipment -Dell'Oro
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)
- Tweet this
- Share this
- Digg this
- OPEC oil output hits highest since 2012 on Libya, Saudi-Reuters Survey
- With iPhone 6 approved in China, Apple suppliers ready for demand
- Energy, manufacturing to lead Modi, Obama talks
- Modi promises U.S. CEOs a return to market reforms
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State
Microsoft Corp announced its 'Windows 10' operating system on Tuesday, skipping a number, to replace the largely unpopular Windows 8 from two years ago. Full Article
Britain's Daily Mail website hires Piers Morgan as U.S. editor-at-large. Full Article