Nokia has announced that they have entered into an agreement with the Nokia Siemens Networks to acquire the remaining 50% stake in their joint venture. The purchase price is EUR 1.7 billion (~US$2.2 billion). Nokia Siemens Networks was established on April 1, 2007, as a joint venture combining Nokia’s Networks Business Group and Siemens’ carrier-related operations for fixed and mobile networks. Nokia Siemens became the global provider of telecommunications infrastructure in more than 150 countries around the world. Continue reading “Nokia to buy Siemens’ stake in the joint venture for $2.2 billion”