NSN's Russian LTE Base Station Factory Closed Down
Published on: 8th Mar 2014
Note -- this news article is more than a year old.
A Russian factory producing LTE equipment for an NSN joint venture is reported to have closed after the company shifted production to Italy.
The then Nokia Siemens Networks (NSN) set up the factory in the Tomsk special economic zone (SEZ) back in March 2011 as a joint venture with Russian manufacturer, Micran and the Tomsk Oblast Administration.
Last July, NSN sold a quarter of the joint-venture to the state-owned technology investment firm, Rusano, leaving NSN with a 50% stake. With 50% of the shares owned by Russian firms, the factory was granted the benefits of being classed as a domestic manufacturer.
Citing local sources, Digit.ru reported that Rusano has pulled out of the venture, causing the other 25% stake holder, Micran to decide to close the factory.
Employees are being shifted to other Micran factories locally.
An NSN spokesman told Digit that the closure was the result of a lack of demand for locally produced LTE base stations.
On the web: Digit.ru