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Nokia Siemens Networks Considering Bids

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Jun 10, 2011, 8:38 AM by Eric M. Zeman

Nokia confirmed today that it and partner Siemens are entertaining bids for their Nokia Siemens Networks joint venture. Siemens also confirmed that bids had been placed, though neither company revealed the names of the private equity companies that are interested in purchasing the joint venture. "There has been unsolicited interest in NSN and we continue to be in constructive talks with multiple parties," said Nokia spokesman Doug Dawson. The partnership between Nokia and Siemens expires in 2013 and the two firms have been weighing options on the networking company's future. A sale to private investors would allow both Nokia and Siemens to concentrate resources on other portions of their respective businesses.

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