Monday, June 19, 2006

Nokia Siemens deal means more deals are due: industry

Mobile phones of Nokia and Siemens are pictured in a shop in Kaiserslautern June 19, 2006. Nokia and Siemens announced on Monday that they intend to merge the Networks Business Group of Nokia and Siemens into a new company, to be called Nokia Siemens Networks with its headquarters in Nokia's home country of Finland. (Michaela Rehle/Reuters)Reuters - The deal follows Alcatel's April plan to acquire Lucent Technologies Inc. to create the world's top telecoms gear maker by annual sales, and comes years after Wall Street analysts have called for mergers in the crowed sector.

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