Nokia and Siemens are intensifying their talks to exit their Nokia Siemens Networks joint venture, according to a Bloomberg report, which cited unnamed sources familiar with the matter. The report said one plan that is being negotiated right now is to have Nokia buy Siemens 50 per cent stake in the company along with a strategic partner such as Alcatel-Lucent, which has held exploratory talks on the matter.
Though the talks have accelerated because of an April deadline for a shareholder renewal of NSN, the report cautioned that a deal may not happen anytime soon. NSN reported a record operating profit and surging sales in the fourth quarter as its strategy of cutting jobs and units not related to mobile broadband begins to pay off.
FierceWireless: Report: Nokia Siemens parents could use Alcatel-Lucent to exit JV; TelecomTV content partner.
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