The telecommunications equipment maker Nokia Siemens Networks has changed its business focus to increase its market share, said the new CEO of the company, quoted in a Sunday newspaper. “In early 2008 we made the strategic decision to focus more on cash flow and profitability than market share. Now is the time to quit and just focus on market share,” said Rajeev Suri Finnish daily Helsingin Sanomat.
Nokia Siemens Networks, a joint venture owned 50 percent and Siemens (Xetra: 723,610 – news), has struggled to gain benefit from his birth in 2007, due to fierce competition from rival Ericsson (Stockholm: ERIC – B. ST – news) and Huawei.
As Nokia Siemens has focused on the benefits and avoided the agreements in the areas of greater competition, its market share has declined compared to last year, and in the last quarter has lost his second place in the market for wireless equipment for Huawei, according to research firm Dell (NASDAQ: DELL – news) ‘Oro