Nokia Siemens Networks has announced that it has completed the closing of the agreement to acquire all shares of IRIS Telecom. IRIS is a telecom and engineering services firm headquartered in Istanbul, Turkey.
The Share Purchase Agreement was signed on 13 October, 2010 to combine IRIS Telecom’s strong multi-vendor network planning and optimisation (NPO) business with Nokia Siemens Networks’ global capabilities, and create one of the region’s leading telecom services players.
IRIS will continue to function as a separate legal entity with its head office in Istanbul, Turkey.
Co-founder of IRIS, Mete Gokdemir, continues in the role of CEO of the company. Johan Bruce, also a co-founder of IRIS, will assume a new role as executive director. Both will continue on the IRIS board as regular members.
IRIS was founded in 1999 with the target of providing high-quality network planning and optimisation services to telecom operators and equipment vendors in Turkey, and the regions of Eastern Europe and Central Asia (EECA), and Middle East and Africa (MEA). It also delivers network deployment and network operation services.
The acquisition strengthens Nokia Siemens Networks’ implementation, network planning and optimisation capabilities and business across these regions.
The company is a leading services provider to telecom operators and has strong network planning and optimisation capabilities.
It delivers over 900 planning and optimisation projects per year, including 100 multi-vendor projects. The company has also provided 3G/HSPA optimisation projects to over 90 customers.