Nokia Siemens Networks to acquire Iris Telecom

Nokia Siemens Networks to acquire Iris Telecom
(Telecompaper) Nokia Siemens Networks will acquire Turkey-based telecommunication and engineering services provider Iris Telecom. The acquisition will combine Iris’ multi-vendor Network Planning and Optimisation (NPO) business with Nokia Siemens’ global footprint. Iris Telecom has more than 630 employees and its existing customers include Turkcell, Avea and Ucell. The company will continue to use the Iris Telecom name and be operationally independent with its head office in Istanbul, regional offices in Ankara and Izmir, and subsidiaries in Uzbekistan and Belarus. The current CEO, Mete Gokdemir will continue in his role, and Johan Bruce, currently chairman of Iris’ board, will be nominated executive director of the company. After closing of the deal, Nokia Siemens will honour all existing commitments made by Iris Telecom, including those to other equipment vendors. Future multi-vendor services opportunities will be evaluated on a case by case basis in line with Nokia Siemens Networks’ strategy. Subject to customary closing conditions and regulatory approvals, the deal should be completed during the first quarter of 2011. Financial terms of the deal were not disclosed.[Lees verder]

Nokia Siemens Networks to acquire Iris Telecom
(Telecompaper) Nokia Siemens Networks will acquire Turkey-based telecommunication and engineering services provider Iris Telecom. The acquisition will combine Iris’ multi-vendor Network Planning and Optimisation (NPO) business with Nokia Siemens’ global footprint. Iris Telecom has more than 630 employees and its existing customers include Turkcell, Avea and Ucell. The company will continue to use the Iris Telecom name and be operationally independent with its head office in Istanbul, regional offices in Ankara and Izmir, and subsidiaries in Uzbekistan and Belarus. The current CEO, Mete Gokdemir will continue in his role, and Johan Bruce, currently chairman of Iris’ board, will be nominated executive director of the company. After closing of the deal, Nokia Siemens will honour all existing commitments made by Iris Telecom, including those to other equipment vendors. Future multi-vendor services opportunities will be evaluated on a case by case basis in line with Nokia Siemens Networks’ strategy. Subject to customary closing conditions and regulatory approvals, the deal should be completed during the first quarter of 2011. Financial terms of the deal were not disclosed.[Lees verder]