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Future Nokia Siemens Networks Counts Down to Start Date at CTIA Wireless 2007
[March 27, 2007]

Future Nokia Siemens Networks Counts Down to Start Date at CTIA Wireless 2007

ORLANDO, Fla., March 27 /PRNewswire-FirstCall/ -- CTIA Wireless 2007 -- Nokia and Siemens are debuting in North America their future joint venture Nokia Siemens Networks just days before the new company's start of operations on April 1, 2007.

The North American market is a global strategic opportunity for the future Nokia Siemens Networks. At a press conference on Tuesday, March 27 at 12 p.m., in Room 312B, Global CEO Designate Simon Beresford-Wylie and North American Region Head Designate Mark Louison will reveal the new company's regional plans to emerge as the leading communications infrastructure supplier in North America. They will discuss how the new company is equipped with best-in-class products, solutions, and end-to-end capabilities that target the unique challenges of North American operators.

"The communications industry has a truly historic opportunity ahead of us to bring mobile and fixed broadband connections to the five billion people who will be 'always on' by 2015," said Simon Beresford-Wylie, CEO Designate. "Nokia Siemens Networks will begin operations as one of the top three infrastructure suppliers in the world with the scale and resources to emerge as the leader in critical markets like North America."


On the show floor at Booth #2725 and in its Mobile Experience Center outside the convention center, representatives of the future Nokia Siemens Networks will present innovative, live demonstrations of how communications providers can bring fixed, mobile or converged networks to life for both consumers and businesses in North America. They will discuss how the convergence of fixed and mobile communications is fueling the creation of new services that are transforming the way people live and work. The future Nokia Siemens Networks will be at the forefront of this transformation, working to enable exciting services for everyone, anywhere, anytime.

"North America will be a critical market in shaping the industry as telecom, the Internet, media, and IT continue to converge and create new companies and business models," said Mark Louison, Head of North America Designate. "Nokia Siemens Networks will be uniquely positioned to have the products, solutions, and people to work with operators to create new revenue streams as they transform their businesses in this converging world."

Experience innovative converged technologies with the future Nokia Siemens Networks
At Booth #2725 and in the Mobile Experience Center outside the convention center, there will be hands-on demonstrations of today's most compelling solutions for operators. Demonstrations will be organized in three main areas, Operational Fitness, New Revenue Opportunities and Transform Your Business:

1. Operational Fitness
- "Fit for Business," a software-based tool that allows benchmarking
and modeling of an operator's business and infrastructure plans
and helps to assess an operator's market position, growth
opportunities and ways to improve overall profitability.
- Service Delivery Framework (SDF), to streamline the pre-integration
of best-of-breed solutions in networks, reducing time-to-market and
increasing time-in-market.
- Operations Support Systems (OSS), which can help manage the
complexity of fixed, mobile or converged networks, but also
generate new revenue streams.

2. New Revenue Opportunities
- IPTV/Home Entertainment Service, which makes it easy for consumers
to enjoy IP-based real-time home entertainment and communication
services, including integrated video telephony and video sharing
based on the
- IP Multimedia Subsystem (IMS) and Service Delivery Framework (SDF).
- Hosted IP Centrex, which demonstrates an operator hosted business
communication solution that enables carriers to provide network-
based enterprise PBX-like services supported on any next-generation
network architecture.
- Voice Call Continuity (VCC), which offers a competitive advantage
for an operator by allowing them to differentiate their VoIP
offering as VCC, is not restricted to just home or office use, but
can be used in both locations due to being a hosted service
provided by an operator.
- Enhancing Developer Communities, an IMS developer program that
accelerates the development and reduces the "time to market" for
new IMS-based applications.

3. Transform your Business
- Multimedia Broadcast Multicast Service (MBMS), showing a more
efficient future for services such as podcasting and TV streaming
using cellular access and mobile devices.
- Mobile Backhaul, which demonstrates comprehensive new solutions and
technology options for optimizing the broadband access via a new
system to translate ATM, TDM and IP protocols to Carrier Ethernet,
transport and backhauling of mobile services over 3G and also
future radio technologies.
- Radio Evolution, which showcases how operators can minimize network
deployment and operational costs with the market leading Nokia
Flexi Base Station, the smallest and most efficient multi-
technology base station with a unique design and architecture that
delivers the benefits of modularity to GSM/EDGE, WCDMA/HSPA and
WiMAX operators by optimizing the total value of ownership and
energy efficiency for radio access networks. WiMAX will be
demonstrated in the Mobile Experience Center.
- Long Term Evolution (LTE), is the next evolution for all FDD based
mobile networks like GSM, WCDMA and CDMA. LTE promises delivery of
new multimedia intensive and rich call applications with full
mobility and a flat network architecture. Flat network
architectures will be introduced with Internet-HSPA to provide
reduction in operational costs and improved user experience in
WCDMA and a smooth migration path to LTE. LTE will be demonstrated
in the Mobile Experience Center with data speeds in the 160Mb/s
range.

For members of the media who would like to request interviews or experience demonstrations in the Mobile Experience Center at CTIA Wireless 2007, please call Lauren Barbier at +1 713-253-2442.

Nokia Siemens Networks will start operations on April 1, 2007, excluding Argentina, Colombia and Russia where anti-trust approval may still be pending.

About Nokia
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.

About Siemens AG
Siemens AG is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: http://www.usa.siemens.com/

About Siemens Networks LLC
Siemens Networks* engages in a dialog with its customers to create trendsetting communications solutions that help network operators and service providers achieve their business goals. Siemens Networks contributes its innovative strength, worldwide experience and notable implementation expertise in all areas of voice and data communications. As an innovation leader, Siemens Networks delivers customer value today and prepares customers for tomorrow with trendsetting solutions. Siemens Networks is a fully-owned subsidiary of Siemens AG and operates in about 100 countries.

More about Siemens Networks at http://www.siemens.com/networks

Forward looking Statements

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product and solution deliveries; B) our ability to develop, implement and commercialize new products, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expected timing, scope and effects of the merger of Nokia's and Siemens' communications service provider businesses; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. Because these statements involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the extent of the growth of the mobile communications industry, as well as the growth and profitability of the new market segments within that industry which we target; 2) the availability of new products and services by network operators and other market participants; 3) our ability to identify key market trends and to respond timely and successfully to the needs of our customers; 4) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 5) competitiveness of our product portfolio; 6) timely and successful commercialization of new advanced products and solutions; 7) price erosion and cost management; 8) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position and respond to changes in the competitive landscape; 9) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and solutions; 10) inventory management risks resulting from shifts in market demand; 11) our ability to source quality components without interruption and at acceptable prices; 12) our success in collaboration arrangements relating to development of technologies or new products and solutions; 13) the success, financial condition and performance of our collaboration partners, suppliers and customers; 14) any disruption to information technology systems and networks that our operations rely on; 15) our ability to protect the complex technologies that we or others develop or that we license from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and solution offerings; 16) general economic conditions globally and, in particular, economic or political turmoil in emerging market countries where we do business; 17) developments under large, multi-year contracts or in relation to major customers; 18) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen; 19) the management of our customer financing exposure; 20) our ability to recruit, retain and develop appropriately skilled employees; 21) the impact of changes in government policies, laws or regulations; and 22) satisfaction of the conditions to the merger of Nokia's and Siemens' communications service provider businesses, including achievement of agreement between Nokia and Siemens on the results and consequences of a Siemens compliance review, and closing of transaction, and Nokia's and Siemens' ability to successfully integrate the operations and employees of their respective businesses; as well as 23) the risk factors specified on pages 12 - 22 of the company's annual report on Form 20-F for the year ended December 31, 2005 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

Media Inquiries:

Nokia Siemens
Chantal Boeckman Susan de Jong
Tel. +1 469-789-9594 Tel. +1 561-350-5252
Email: chantal.boeckman@nokia.com Email: susan.dejong@siemens.com

For interviews
Lauren Barbier
Tel. +1 713-253-2442

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040130/NOKIALOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk photodesk@prnewswire.com

Nokia; Siemens

CONTACT: Chantal Boeckman for Nokia, +1-469-789-9594,chantal.boeckman@nokia.com; or Susan de Jong for Siemens, +1-561-350-5252,susan.dejong@siemens.com; For interviews: Lauren Barbier, +1-713-253-2442

Web site: http://www.nokia.com/http://www.usa.siemens.com/http://www.siemens.com/networksh
ttp://www.ctiawireless.com/

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