NOKIA SIEMENS INKS R&D PACT WITH TCS

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Global Communications services provider Nokia Siemens Networks has entered into an agreement with leading domestic IT Services firm Tata Consultancy Services (TCS). Under the agreement, the former will transfer its product engineering and R&D services as well as part of the Operations and Business Software (OBS) unit activities to TCS, company's press release said. Nokia Siemens will also transfer 90 employees belonging to Nokia Siemens Development Centre in Dusseldorf, Germany to TCS as part of the agreement, the company said. "TCS has been a valuable partner to Nokia and Siemens, our parent companies for many years. This deal provides the employees in Dusseldorf an excellent opportunity to work with TCS," Nokia Siemens' head of operations and Business Software Unit Juhani Hintikka said. TCS has generated a consolidated revenue of $4.3-billion for the fiscal ended March, 2007 and has operations in 47 countries, company said. Nokia Siemens Networks is a leading provider of communications services and has a total head count of 20,000 service professionals worldwide, it said.

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