Nokia Siemens Networks to acquire IRIS Telecom

Nokia Siemens Networks and IRIS Telecom, a telecom and engineering services firm headquartered in Istanbul, Turkey, today jointly announced that Nokia Siemens Networks will acquire IRIS Telecom. The acquisition will combine IRIS Telecom’s strong multi-vendor Network Planning and Optimization (NPO) business with Nokia Siemens Networks’ global capabilities, to create a regional leader in telecom services. Subject to customary closing conditions and regulatory approvals, the deal should be completed during the first quarter of 2011.