| The two companies have concluded a multi-million-euro agreement to transfer product engineering and R&D services as well as parts of the operations and business software (OBS) business unit activities from Nokia Siemens Networks (NSN) to TCS. |
| With this agreement, both the companies will create a set-up, whereby TCS will provide global R&D services to NSN, one of the world's foremost global enablers of communication services, by leveraging its expertise in the telecommunications sector. |
| The transfer of R&D capabilities to business partners like TCS is a part of NSN's overall strategy to realise synergy savings, TCS informed the BSE. |
| In working towards its vision of five billion people connected by 2015, NSN puts innovation and R&D at the top of its agenda. Partnership with R&D providers like TCS enhances NSN's ability to deliver new, exciting and profitable services to its customers. |
| "The agreement with Nokia Siemens Networks reiterates TCS' capability to enhance customers' business by leveraging our superior R&D services and strong domain knowledge," said N Chandrasekaran, COO and executive director, TCS. |
| "The new regional delivery centre for telecommunications customers in Dusseldorf - where the transferred employees will work - is strategic to us, as Germany is a key European market." |
| As R&D partner for NSN, TCS will share its innovative approaches, global best practices and benchmark standards to ensure excellence. "The new regional delivery centre for telecommunications customers in Dus." |
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