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Press Release -- April 2nd, 2012
Source: Nokia Siemens Networks

Closing of the transaction to transfer part of Nokia Siemens Networks’ network management system R&D to Tieto completed

Espoo, Finland – April 2, 2012

Nokia Siemens Networks and Tieto Corporation have completed the transaction to outsource part of the maintenance, technical support and R&D for Nokia Siemens Networks’ mobile network Operations Support System (OSS) and Subscriber Data Management (SDM) activities in Finland, including the transfer of 238 Nokia Siemens Networks employees, to Tieto.

The signing of the agreement was announced earlier this year on March 6.

All regulatory approvals, including approval by the Finnish Competition Authority have been obtained.

About Nokia Siemens Networks

Nokia Siemens Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.

With headquarters in Espoo, Finland, we operate in over 150 countries and had net sales of over 14 billion euros in 2011.

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