I am at the Nokia Siemens Networks (NSN) analyst event in Amsterdam. The company, an 8 month old entity, was set up mainly to achieve synergies on the services side of the business. And that is what the presentations seem to focus on: the services aspect. There was some sneak preview provided by parent company Nokia regarding its Internet services model going forward. NSN also revealed some useful data. Serving over 1.2 billion lines now, NSN ranks among top 2 telecom vendors in most geographical regions except North America where it is a distant 6th.

We are told that the combined entity, coming in parts from Siemens and Nokia, are left with over 2 billion Euros worth synergetic revenues which NSN expects to cash in by end 2008. Thirty new cross selling deals have so far been closed since the merged entity started operations in April this year. While much of 2Q07 was spent in the merger process, Q3 saw revenues touching 3.7 billion Euros which represents Q3/Q2 sequential growth of 7%. That puts NSN at number two in carrier revneues - behind Ericsson. Incidentally, the large BSNL tender that made news recently (because NSN refused to accept the contract at the set prices) was awarded to Ericsson today. NSN walked away from the deal “because it did not make long term business sense.”