Nokia Siemens gains market share in telecom equipment – Dell’Oro

Reuters: Nokia Siemens Networks made strong gains in the mobile telecom equipment market in the third quarter, narrowing the gap with market leaders Ericsson and Huawei, telecoms industry research firm, Dell’Oro said.

Nokia Siemens reported record third quarter profits last month on the back of deals, to help build new high-speed wireless technology networks. This marked a major turnaround for the partnership that has hurt profits at owners, Nokia and Siemens since it was set up in 2007.

“Nokia Siemens Networks had a good quarter driven by revenues that were recognised with KDDI and Softbank,” said Dell’Oro analyst, Stefan Pongratz.

Nokia Siemens’ overall market share rose to 20% from 18% last quarter, Dell’Oro said. It also estimated the venture overtook Alcatel-Lucent’s No. 2 position in the high-speed wireless technology network market.

Market leader Ericsson saw its overall share slip to 34% from 35.5% in the previous quarter, while No. 2 Huawei’s share was unchanged at 22%, Dell’Oro said.

Telecom equipment makers are all facing pricing pressures and slower spending by telecoms companies. The overall market shrank 11% in the third quarter from a year ago, Dell’Oro said.