Nokia Siemens Networks zooms past Alcatel-Lucent, Huawei in 4G LTE gear market
Nokia Siemens Networks' strategy of focusing on the mobile broadband market appears to be paying off, as the firm jumped from fourth to second in the 4G LTE equipment market, according to the latest stats from Infonetics Research.
Nokia Siemens Networks more than doubled its LTE market revenue in the third quarter, compared to the same quarter in 2011, zooming past Alcatel-Lucent and Huawei, and closing the gap on market leader Ericsson.
While the LTE market posted strong numbers in the quarter, the overall mobile infrastructure market declined 4 percent in the third quarter compared to the year-ago quarter.
"LTE was indeed the lone bright spot this quarter, as the rest of the mobile infrastructure market dragged the overall market down, led by a sharp drop in CDMA gear. Despite the current lethargy, we anticipate a strong pipeline moving forward, with 2013 fully charged with a good mix of 2G, 3G, and LTE equipment purchases," said Stephane Teral, principal analyst for mobile infrastructure and carrier economics at Infonetics Research.
Infonetics forecasts that LTE subscriber numbers will soar to 51 million worldwide this year.
Nokia Siemens Networks, the networking venture of Nokia (NYSE: NOK) and Siemens, has been selling off and shutting down non-mobile units as part of an effort to focus resources on mobile broadband.
Just this week, Nokia Siemens Networks agreed to sell its business support systems and optical networks business units and shut down its German network infrastructure services unit.