Nokia Siemens, Juniper To Form Carrier Ethernet JV

Nokia Siemens Networks and Juniper Networks Inc said that they plan to create a joint venture aimed at the carrier Ethernet market. The companies said the venture will be headquartered in the Netherlands and extend their previous partnership. No other details were immediately available.

"This planned structure will allow both companies to contribute the necessary products and support to enable meeting the end-to-end portfolio needs of some 200 joint service provider customers worldwide," the companies said in a joint statement.

The carrier Ethernet market's growth is expected to slow drastically from the 20 percent or more levels seen in recent years, but it is still expected to grow, while the overall telecom gear market is shrinking.

Reuters