Nokia Suffers 3G Blow
Unstrung has learned that Hutchison is to replace them with equipment from a joint venture of NEC Corp. (Nasdaq: NIPNY) and Siemens AG (NYSE: SI; Frankfurt: SIE).
Market analysts believe the fallout may jeopardize the vendor's long-term desire to dominate the W-CDMA network market -- a position currently held by LM Ericsson (Nasdaq: ERICY) -- and could give rival offerings a golden opportunity to enter the frame.
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— Justin Springham, Senior Editor, Europe, Unstrung