1 Jul 2013

Nokia to pay $2.2B for Siemens’ stake in Nokia Siemens Networks

Author: NakhlePanebianco485 | Filed under: About

Nokia is to acquire Siemens’ 50 percent stake in joint venture Nokia Siemens Networks, which will become a wholly-owned subsidiary of the Finnish company after the transaction is completed. The handset maker is paying €1.7 billion (US$2.2 billion) to acquire the stake in the mobile networks equipment company. The Siemens name will be phased out, and a new name and brand will be announced at the closing of the transaction expected by the third quarter of this year

Link:
Nokia to pay $2.2B for Siemens’ stake in Nokia Siemens Networks

Tags: , , , , , , , , ,

Leave a Reply

*