Nokia Siemens says price battle continue

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By Tarmo Virki

PARIS, May 21 (Reuters) - A fierce price battle for telecoms network gear deals is continuing, with Ericsson (ERICb.ST) and Huawei aggressively slashing prices, Nokia Siemens Networks [NSN.UL] Chief Financial Officer Eric Simonsen said.

Nokia Siemens had walked away from several deals as it focuses on improving profit margins and cash flow, he said.

"Ericsson, their view seems to be different, they continue to follow Huawei [HWT.UL] around, as far as we can see, in terms of crazy pricing," Simonsen told the Reuters Technology, Media and Telecoms Summit in Paris on Wednesday.

Ericsson, Nokia Siemens and Alcatel-Lucent (ALUA.PA)(ALU.N) are the leading players in the telecoms network market but have been increasingly challenged by Chinese vendors including Huawei and ZTE (0763.HK)(000063.SZ) in the last few years.

Simonsen said Huawei was chasing "market share at any cost".