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Nokia, Siemens merge businesses
- Tuesday, June 20 - 2006 at 07:46
Nokia and Siemens have revealed plans to merge their telecom equipment businesses to create one of the biggest players in the industry, according to Reuters. The 50-50 joint venture, to be called Nokia Siemens Networks, will begin operations by January 2007. The two units had combined sales of $20bn in 2005.
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James McInerney, News EditorTuesday, June 20 - 2006 at 07:46 UAE local time (GMT+4)
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