Nokia Siemens Networks transfers its Italian Radio Access activities to Value Team

Milan, Italy - Nokia Siemens Networks transfers its Italian Radio Access activities to Value Team

Nokia Siemens Networks Italy has signed a contract for the transfer of its Radio Access activities, located in Cinisello Balsamo (Milan), to Value Team SpA, IT consulting and solutions company of the Value Partners Group. The two companies also signed a long term collaboration agreement.

The agreement between Nokia Siemens Networks Italia SpA and Value Team SpA will be effective as of, May 15, 2010. The two companies also signed a long-term collaboration agreement which defines Value Team as one of Nokia Siemens Networks’ preferred partners in the development of new technologies, mainly in mobile networks.

Nokia Siemens Networks’ Radio Access unit employs 183 people, who are mainly located at the Cinisello Balsamo site at Milan. Its main activity is related to research and development, technical support, and radio platform and product management, mainly on GSM and UMTS (3G) mobile telecommunications technology.

“This agreement confirms a long-term partnership which offers us the opportunity to compete in the highly complex and competitive telecommunications market and optimize overall research and development capabilities as global competition brings intense cost pressure,” said Marc Rouanne, head of Network Systems at Nokia Siemens Networks. “This offers us the possibility of differentiation with a high-tech partner, while achieving flexibility for our future development.”

“We are delighted to upgrade our longstanding relationship to become one of the preferred partner of Nokia Siemens Networks and hope to build on this relationship in the years to come,” said Giorgio Rossi Cairo, managing partner of Value Partners Group. “Value Team has grown during the course of the years, thanks to a solid industrial plan and the capability of our management to integrate acquired competences as well as offer growth opportunities for all company members. Value Team is now able to strengthen its embedded system division and will play an increasingly significant role in the development of new technologies for fixed and mobile telecommunications, for machine to machine applications and for defence systems.”

Value Team, operating in the telecommunications, defence, finance and industry arena since the year 2000, has been a longstanding trusted partner of Nokia Siemens Networks in Italy. For this agreement, it was chosen from among a wide range of candidates due to the quality and concreteness of its industrial plan.

The agreement will give Value Team the opportunity to widen its offering in the telecommunications sector, where the company has consistent experience through participating in projects for the development and integration of devices and mobile network management systems. The experience of the team from the Cinisello R&D center together with the competence of Value Team professionals will form an Italian industrial center of excellence for the development of new mobile technology standards.
About Value Team

Value Team is part of the Value Partners group, which draws on nearly 50 partners and 3,100 professionals of 25 nationalities. Founded in 1993 in Milan, the Group offers both management and IT consulting services, out of 14 offices in 12 countries.
Value Team was established in 2000 and its global scope was determined by organic growth as well as acquisitions, like that of Etnoteam in 2007. Value Team is now one of the leading ICT players in Italy and abroad with a specific focus on business-critical applications. It serves mainly the telecommunications, defense, financial institutions and manufacturing sectors. Value Team draws on over 2700 professionals, of whom 1100 are active in the Milan headquarter.
www.valuepartnersgroup.com
About Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland. www.nokiasiemensnetworks.com

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