Acquisition mutually strengthens both companies' delivery services strategy

Jun 6, 2006 14:30 GMT  ·  By

Nokia and LCC International Inc. announced that the companies have reached an agreement for LCC to transfer its U.S. deployment operations to Nokia.

Deployment operations include civil works and site acquisition services. As part of the agreement, a number of LCC's existing U.S. deployment contracts and assets used to support the U.S. deployment operations will transfer to Nokia upon completion of the deal, which is expected to close within the next 45 days. The agreement will impact up to 80 LCC employees, many of whom will have the opportunity to become Nokia employees.

The announcement further enables Nokia and LCC to execute on their respective strategies within the wireless sector. For Nokia, this move addresses operator demand for a partner that can deliver a complete range of services, from deployment operations to consulting and integration to managed services. Delivery services, in particular, continue to be a significant area for operators as they seek to reduce operating expenditures. The addition of LCC's deployment operations to Nokia's delivery services portfolio enhances a highly experienced team to execute network rollouts across the country. LCC continues to expand its world class engineering and wireless consultative services operation.

"Nokia's Networks division has shown steady growth in North America, and today's announcement with LCC demonstrates a continuation of that growth and our commitment to providing services that address our customer's needs in North America," said Mark Louison, Senior Vice President, Networks, North America. "We look forward to expanding Nokia's full-range services portfolio with LCC's expertise in deployment operations to deliver a best-in-class customer experience."