Nokia Siemens sees flat spending by telcos in 2012

Wednesday, 12 September 2012 00:07 - - {{hitsCtrl.values.hits}}

BANGALORE, (Reuters): Mobile network equipment maker Nokia Siemens Networks (NSN) expects overall spending by telecom operators to be flat in 2012, its Chief Executive Rajeev Suri said on Tuesday.

The company, however, expects “some rebound” in investments by customers in the United States in the second half of this year, Suri told reporters.

Nokia Siemens has faced aggressive pricing from rivals and an economic downturn that has forced telecoms companies to cut spending.