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:

TECH WRAP

Reuters Showcase

GDP Growth

GDP Growth

India's economic growth revised up by almost 50 pct.  Full Article 

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Child Trafficking

Child Trafficking

Police find hundreds of child slaves making bangles - media   Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

England Beat India

England Beat India

England reach final after Taylor-made victory.  Full Article 

Change Of Heart

Change Of Heart

Justin Bieber says dropping 'arrogant' and 'conceited' attitude  Full Article 

Reuters India Mobile

Reuters India Mobile

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