Nokia and Siemens Abandon NSN Sale Efforts
Reuters today reports that Nokia and Siemens have given up on attempts to sell an equity stake in their Nokia Siemens Networks joint venture. The companies have held talks with various private equity firms over the course of the last 12 months, but they were never able to reach an agreement amenable to all the parties involved. In a statement issued by Nokia and Siemens, the parent businesses said they will continue to support the venture and inject more cash to bolster its strength. Separately, Siemens indicated that it hopes to exit the venture eventually.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.
Sprint Takes Control of 100 Stores from Dixons Carphone
Sprint today said it will acquire 100 retail stores that it has operated in partnership with Dixons Carphone since last year. The two companies created a joint venture in February 2016 that relied on retail know-how from Dixons Carphone to sell Sprint goods and services.
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
Qualcomm and TDK Partner Up On RF Joint Venture
Qualcomm and TDK today said they've agreed to form a joint venture that will see the companies create RF front-end modules for a wide range of devices. The two companies have created a venture called RF360 Holdings, which will be the legal parent of the new firm.