SIEMENS vowed to catch up with NOKIA intends to purchase in China

Beijing on November 16th news, according to foreign media reports, SIEMENS announced on Tuesday, the mobile communications sector in Asia this year will invest hundreds of millions of euros, including large-scale acquisition of a potential in Chinese, hoping to replace NOKIA as the world's second largest mobile network equipment suppliers.

Market research firm Gartner data show that in 2004 SIEMENS is the world's third largest mobile communications network equipment suppliers, with a market share of 13%. In the first place is Ericsson, with a 27% market share, NOKIA ranked second, the market share of, Motorola ranked in the market share of 11%. 2004 global wireless infrastructure market output value of about $49 billion, is expected to grow this year on the basis of 10%.

Christopher - President of SIEMENS mobile network (Christoph Caselitz) caselitz Department said, SIEMENS's goal is in two to three years, surpassed NOKIA as the world's second largest mobile communications network equipment suppliers, and maintain this position. He said: "we hope to climb to second place in the global market, and gradually pull the distance between competitors. I do not want our market share of 14%, while competitors for the 13.5%." SIEMENS is expected to become the main driving force for the growth of the global wireless market, as many operators in the region are beginning or are about to build 3G mobile networks.

SIEMENS's business in China has made great progress, so far, SIEMENS received a total of 6% to 7% China Mobile mobile network equipment orders, as well as China Unicom's 25% to 26% GSM network orders. Casey Rich said that after the Chinese government issued 3G licenses, China's 3G market will generate a total value of $about 10000000000 orders, SIEMENS hopes to seize more market share. Industry insiders expect the Chinese government is expected to release 3G licenses in the middle of next year.

Casey Rich also said that SIEMENS is currently studying the potential acquisition targets in the Chinese market, is expected in the next 12 months to carry out a large-scale acquisition within the next 24 months. He said: we have identified a number of potential targets, the future SIEMENS will be action, but not at all costs." Casey Rich did not disclose more information, but there have been news that SIEMENS may acquire China Telecom equipment provider harbor network. Harbour network originally planned in 2004 in the Hongkong stock exchange for initial public offering, is expected to raise $400 million, but later due to the enthusiasm of investors to postpone the postponement of the plan.

Casey Rich said that SIEMENS's mobile network sector in the past fiscal year sales from Asia grew by 20%, exceeding the overall market level. He said: "in the current fiscal year, we will invest hundreds of millions of euros in Asia, including investment in mobile network technology research and development. In addition, we will also expand partnerships in the region." SIEMENS has established partnerships with China Telecom equipment suppliers, general manager of technology and communications development.