Nokia Siemens Networks’ efforts to win public support for its $650-million bid for Nortel’s CDMA wireless business and LTE R&D unit went on the offensive yesterday when NSN CFO Luca Maestri told a press conference in Toronto that the company not only plans to keep all 800 wireless jobs in Canada but add more as its makes Canada a global “next-generation wireless development” centre.
“I made it very clear we want to make it the centre of excellence for LTE technology for us,” Mr. Maestri told the National Post. “We really want to keep Ottawa as a centre of excellence — it is going to be a global centre.”
Nokia has a vested interest in keeping jobs in Canada given Export Development Canada, a Crown agency, is providing $300-million of financing to support the company’s bid.
While there is a possibility that another bidder may emerge for Nortel’s CDMA business and LTE R&D unit, Nokia is clearly hoping that it can win approval to expand its North American foothold.
More: Unstrung has details on Nokia’s plans for Nortel’s LTE assets.
Take it easy. This is not how capitalism works, remember? You sound really sour dude.
bafrench
I can understand those who are skeptical about NSN's plans and I am not sure anything I say will convince the doubters. That said, I sit on the executive board of NSN and our intentions are clear: we want an LTE center of excellence in Ottawa. As a global company, we already have R&D operations in many countries – including Finland, Germany, China, India, Poland, Greece, just to name a few. We do not have a deep R&D presence in North America, which will be one of the leaders in the transition to LTE. Thus, we really do want the North America presence that this deal would give us. Hope that helps some, cheers barry french
rfc1149
It certainly is possible to find innovative Canadian companies (RIM).
Even Nortel in its day had its moments. DMS was a 'bet the company' action that wasn't me too. Unfortunately DMS's success brought complacency and bureaucrats who thought they were 'leaders'
rfc1149
It certainly is possible to find innovative Canadian companies (RIM).
Even Nortel in its day had its moments. DMS was a 'bet the company' action that wasn't me too. Unfortunately DMS's success brought complacency and bureaucrats who thought they were 'leaders'
Nokia Siemens Plays Nice with Canada
Nokia Siemens Networks’ efforts to win public support for its $650-million bid for Nortel’s CDMA wireless business and LTE R&D unit went on the offensive yesterday when NSN CFO Luca Maestri told a press conference in Toronto that the company not only plans to keep all 800 wireless jobs in Canada but add more as its makes Canada a global “next-generation wireless development” centre.
“I made it very clear we want to make it the centre of excellence for LTE technology for us,” Mr. Maestri told the National Post. “We really want to keep Ottawa as a centre of excellence — it is going to be a global centre.”
Nokia has a vested interest in keeping jobs in Canada given Export Development Canada, a Crown agency, is providing $300-million of financing to support the company’s bid.
While there is a possibility that another bidder may emerge for Nortel’s CDMA business and LTE R&D unit, Nokia is clearly hoping that it can win approval to expand its North American foothold.
More: Unstrung has details on Nokia’s plans for Nortel’s LTE assets.