Acquisition expected to boost companys network implementation services business and grow market share in the U.S.
Irving, Texas and Espoo, Finland - Nokia Networks today announced it has completed the acquisition of Schaumburg, Illinois-based SAC Wireless, a premier self-performing provider of infrastructure and network deployment solutions. This acquisition builds upon Nokia Networks existing network implementation service capabilities and is expected to increase its market share in this space. SAC Wireless will operate as a wholly-owned subsidiary of Nokia. The transaction is expected to bring clear revenue synergies.
Were seeing a trend in which operators are moving away from sub-contracting their network implementation services and opting instead for a direct service provider or self-perform model, said Ricky Corker, executive vice president of North America for Nokia Networks. SAC Wireless does this very well. With a national footprint and a proven track record of working with major telecom operators, SAC Wireless capabilities complement our own in-house expertise. We believe this will enable us to build an even stronger foundation for our U.S. services business and address a market opportunity to bring increased end-to-end efficiency to our customers.
Operators are facing massive network expansions, new spectrum and more distributed antenna systems (DAS) and small cell implementations. Complexities surrounding site acquisition, permitting, sub-contractor availability and quality often hinder network rollout and time to market. As a result, operators want more direct control over their network deployments. The addition of SAC Wireless resources, including approximately 500 employees, is designed to address these challenges head-on.
As new network densification technologies are introduced, we believe there will be a need for shortened deployment timelines and the ability to self-perform will become increasingly critical, said Bill Koziel, president and CEO of SAC Wireless. The teaming of Nokia Networks and SAC Wireless is a natural evolution of service solution providers in this industry. We look forward to expanding the reach of our network services technology as part of a global leader.
SAC Wireless services include the SAC Wireless Engine Room(TM), a revolutionary process focused on managing site development, architectural and engineering, regulatory and compliance activities for national network programs. SAC Wireless also offers self-perform implementation of indoor and outdoor small cells and DAS, RF engineering and design, construction management and services, as well as turnkey program management of large scale network deployments.
To share your thoughts on the topic, join the discussion with @nokianetworks on Twitter using #Nokia and #mobilebroadband.
About Nokia
Nokia invests in technologies important in a world where billions of devices are connected. We are focused on three businesses: network infrastructure software, hardware and services, which we offer through Nokia Networks; location intelligence, which we provide through HERE; and advanced technology development and licensing, which we pursue through Nokia Technologies. Each of these businesses is a leader in its respective field.
Nokia Networks is the worlds 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 worlds most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly. www.nsn.com // http://company.nokia.com
FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) expectations, plans or benefits related to Nokias strategies; B) expectations, plans or benefits related to future performance of Nokias continuing businesses Nokia Networks, HERE and Nokia Technologies; C) expectations, plans or benefits related to changes in leadership and operational structure; D) expectations regarding market developments, general economic conditions and structural changes; E) expectations and targets regarding performance, including those related to market share, prices, net sales and margins; F) the timing of the deliveries of our products and services; G) expectations and targets regarding our financial performance, cost savings and competitiveness, as well as results of operations; H) expectations and targets regarding collaboration and partnering arrangements; I) the outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; J) expectations regarding restructurings, investments, uses of proceeds from transactions, acquisitions and divestments and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, divestments and acquisitions, including any expectations, plans or benefits related to or caused by the transaction announced on September 3, 2013 where Nokia sold substantially all of the Devices & Services business to Microsoft on April 25, 2014 (Sale of the D&S Business); K) statements preceded by or including believe, expect, anticipate, foresee, sees, target, estimate, designed, aim, plans, intends, focus, continue, project, should, will or similar expressions. These statements are based on managements best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currentl
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Acquisition expected to boost companys network implementation services business and grow market share in the U.S.
