Press Releases
Juniper Networks and Nokia Siemens Networks Receive Regulatory Approval for Carrier Ethernet Joint Venture
Management Team Brings Extensive Carrier Industry Experience to Newly Formed Company
Munich, Germany and Sunnyvale, Calif., September 8, 2009 — Juniper Networks, Inc. (NASDAQ: JNPR), the leader in high-performance networking, and Nokia Siemens Networks, a leading global enabler of telecommunications services, today announced that they have been granted regulatory approvals to form a joint venture that addresses the Carrier Ethernet market.
The joint venture will offer a Carrier Ethernet solution for mobile backhaul, business and residential broadband networks. Incorporated in Amsterdam under the name "Carrier Ethernet Solutions B.V.," the joint venture company will be owned 60 percent by Juniper Networks and 40 percent by Nokia Siemens Networks.
John Stewart, previously vice president and general manager of the Mobility and Circuit Emulation Business Unit at Juniper Networks, will lead the joint venture company as Chief Executive Officer. Ton van den Boom, previously senior manager in finance and control from Nokia Siemens Networks, will take on the role of Chief Financial Officer. The company will also have a supervisory board chaired by Manoj Leelanivas, senior vice president and general manager of the Edge and Aggregation Business Unit at Juniper Networks, while Bernd Schumacher, head of Broadband Connectivity Solutions at Nokia Siemens Networks, will serve as vice chairman.
"The Juniper-NSN joint venture will offer the industry's best unified Carrier Ethernet solution from metro access to aggregation, fully interoperable with IP/MPLS core and managed by Nokia Siemens Networks ‘point and click' network management system," said incoming CEO John Stewart. "Our customers will be able to leverage the solution to offer new revenue-generating services while lowering transport costs and total cost of ownership. We look forward to offering this powerful solution to new and existing service provider customers."
The solution will consist of Juniper Networks MX Series Ethernet Services Routers and Nokia Siemens Networks' A-series Carrier Ethernet Switches and end-to-end network management system including "point-and-click" provisioning. The joint venture will integrate these components into a seamless and fully-tested end-to-end solution.
The plans call for the new solutions to be sold by both companies with a targeted introduction date of the first calendar quarter of 2010.
Notes to editors - previous news announcement regarding the joint venture can be found at:
http://www.juniper.net/us/en/company/press-center/press-releases/2009/pr_2009_02_12-18_6.html
About Juniper Networks
Juniper Networks, Inc. is the leader in high-performance networking. Juniper offers a high-performance network infrastructure that creates a responsive and trusted environment for accelerating the deployment of services and applications over a single network. This fuels high-performance businesses. Additional information can be found at www.juniper.net.
Juniper Networks, JUNOS and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
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
Engage in conversation about Nokia Siemens Networks' aim to reinvent the connected world at http://unite.nokiasiemensnetworks.com and talk about its news at http://blogs.nokiasiemensnetworks.com Find out if your country is exploiting the full potential of connectivity at http://connectivityscorecard.org
This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements relating to the expected future availability and benefits of certain products. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual achievements to differ from those expressed or implied in this press release, including unforeseen delays or other risks associated with the product development and release process. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Juniper Networks' Form 10-Q for the quarter ended June 30, 2009. Juniper Networks assumes no obligation to update any forward-looking information contained in this press release.
Nokia Siemens Networks
Amy Flécher
Head of Communications, Broadband Connectivity Solutions
Phone: +491718650101
E-mail: amy.flecher@nsn.com
Ute Ritter
Communications Broadband Connectivity Solutions
Phone: +49 8963686649
E-mail: ute.ritter@nsn.com
Media Relations
Phone +358 7180 31451
E-mail: mediarelations@nsn.com
