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.
![](https://www.tahawultech.com/wp-content/uploads/2013/07/Nokia-Siemens-1-840x440.jpg)
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.
Microsoft and cellphone maker Nokia were in advanced talks about an acquisition of the Finnish company’s device business, but the discussions have broken down, according to a report in The Wall Street Journal.
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