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 acquisition strengthens the company’s implementation, network planning and optimisation capabilities and business across Turkey, Eastern Europe and Central Asia.
The Share Purchase Agreement was signed on October 13, 2010 to combine IRIS Telecom’s strong multi-vendor network planning and optimization (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 a target of providing high-quality network planning and optimization 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.