Nokia Siemens Networks has announced that it has wrapped the acquisition of IRIS Telecom, a telecommunications and engineering services firm. Financial terms of the agreement were not disclosed.
Istanbul, Turkey-based IRIS Telecom was founded in 1999 in order to provide network planning and optimization services to telecommunications operators and equipment vendors in Turkey, Eastern Europe and Central Asia, the Middle East and Africa. According to company’s website, IRIS Telecom also provides network deployment and network operation services. Its customers include mobile operators Turkcell, Avea and Ucell.
In a news release, Finland-based Nokia Siemens Networks stated that the acquisition strengthens its implementation, network planning and optimization capabilities and business across Turkey, Eastern Europe and Central Asia.
IRIS will continue to function as a separate legal entity and will remain based in Istanbul. Mete Gokdemir, the co-founder of IRIS, will continue to lead the company as chief executive. IRIS co-founder Johan Bruce will assume a new position as executive director. Gokdemir and Bruce will both continue to serve on IRIS’ board of directors.
