Nokia to support Siemens with investigations into corruption (Nokia bietet Siemens Hilfe an)
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Center Outsourcing  |  Call Recording  |  SIP Trunking  |  Hosted Exchange  |  PBX
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[December 18, 2006]

Nokia to support Siemens with investigations into corruption (Nokia bietet Siemens Hilfe an)

(Handelsblatt Via Thomson Dialog NewsEdge) Finnish mobile phone manufacturer Nokia has offered to support German technologies group Siemens, its joint venture partner, with investigations into the corruption scandal at the German company. It emerged a few days ago that the planned merger of the network divisions of Siemens and Nokia could be delayed by three months until the end of March 2007 owing to the scandal relating to illegal transactions in the communications division of Siemens. The German company says that Nokia will play an active part in examining compliance structures, emphasising that the company's reputation is one of its most valuable assets and that Nokia Siemens Networks will not tolerate unscrupulous business practices.



Siemens has emphasised that, in principle, the new joint venture will not be jeopardised by the delay. Experts have warned, however, that the scandal could prove expensive for Siemens, as the communications division of the group, Com, could lose contracts as a result.

Original article by Christoph Hardt, Joachim Hofer and Sandra Louven


Abstracted from Handelsblatt

All Materials Subject to Copyright

Copyright 2006 The Financial Times Ltd. All rights reserved.

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
TMCnet Videos
Featured White Papers
Featured White Paper RSS feed
Leveraging the Cloud to Create the Ultimate Customer Experience
Bridging the Great Divide: Best Practices for Integrating Social Media and Customer Service for Bottom Line Results
Five Steps to an Employee Effectiveness Model: Improve Business Results with Engaged Employees
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Cable TV Companies See Healthcare Services as Next Growth Market
Master Agent Terrapin Solutions Expands Portfolio
A Manifesto for Efficient IT Infrastructure Management
CallFire Unveils Insurance SMS Text Marketing and Auto Dialer Best …
Canadian Union Expresses Concern About Health Effects of Wi-Fi …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Novatel's Ovation MC679 Released On TELUS' LTE Network
Telmex, Alcatel-Lucent Agree to a Deal that Will Bring Ultra-Fast Broadband to Mexico
RPX Offers Syndicate Licensing for Alcatel-Lucent's Patent Portfolio
Tango Telecom's iAX Dynamic Pricing Service Sets New Performance Benchmark
PartyPail Gains Online Visibility by Forging Promotional Partnerships
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
4GWE Conference
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 1- 4, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.