Nokia Siemens Networks' Future Undecided
Nokia Siemens Networks' parent companies, Nokia and Siemens, are mulling plans for the joint venture's life after their current contract expires in 2013. According to sources cited by the Wall Street Journal, they are weighing the possibility of selling a 51% stake in the company to private equity firms. "Our parent companies have stated their commitment to Nokia Siemens Networks, whilst exploring the possibility of private equity taking a stake in the company," a NSN spokesperson said. A Nokia spokesperson said that they are not seeking to sell the entire company. Nokia Siemens Networks has struggled in recent quarters, and is a burden to both parent companies. It has not achieved its primary goal, which was to become a major player in the U.S. market. No final decisions have been made.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
Nokia Networks to Acquire Eden Rock
Nokia Networks today announced its intent to acquire Eden Rock Communications for an undisclosed sum. Eden Rock pioneered self-organizing networks (SON) technology for mobile broadband operators.
Nokia Brings Back the 3310
Nokia today introduced a new version of the old Nokia 3310 phone. It includes a color screen, Snake, and the original Nokia ringtone.