For years, Nokia has been focused on getting a stronger foothold in North America so the proposed purchase of Nortel’s CDMA business is an important element in that strategy.
MarketWatch has a story looking at Nokia’s North American efforts. It includes this quote from Frost & Sullivan analyst Ronald Gruia that illustrates how sweet of a deal Nokia could get, and Nortel’s desperation to sell assets to appease creditors.
“In the near term, analysts expect Nokia-Siemens to use the Nortel wireless division as a cash cow. CDMA technology is slated to be phased out, but the process could take years and companies in the U.S. and Asia will still spend billions on maintenance.
Nokia-Siemens is also getting the division fairly cheaply – some analysts calculate it’s worth twice the agreed-upon price – and the unit is still quite profitable. In 2008, it generated $2.2 billion in sales. You still have a lot of milking left on that cow.”
- Nokita = sounds more Asian; will attract business there
- No Quita = spanish: “no quitter”
No, wait, that means stuff like “free (from obligation), clear (from a charge), release (people), remove (jobs), take (bonus), steal (uh, market share)
Nokia’s Growing North American Foothold
For years, Nokia has been focused on getting a stronger foothold in North America so the proposed purchase of Nortel’s CDMA business is an important element in that strategy.
MarketWatch has a story looking at Nokia’s North American efforts. It includes this quote from Frost & Sullivan analyst Ronald Gruia that illustrates how sweet of a deal Nokia could get, and Nortel’s desperation to sell assets to appease creditors.
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