Mobile/Wireless - Nokia, Siemens Create Networks Giant - Telecom News Analysis

The new company, comprising Nokia's Networks Business Group and the carrier-related operations of Siemens Communications Group , has annual revenues of €15.8 billion ($19.9 billion), based on calendar 2005 sales. Nokia recorded revenues of €6.6 billion ($8.3 billion) and an operating profit of €855 million ($1.1 billion) from its networks group in 2005, leaving €9.2 billion ($11.6 billion) coming from the Siemens Communications Group.