Nokia buys out Siemens from Nokia Siemens Networks LTE venture

Nokia will buy out Siemens AG from the Nokia Siemens Networks (NSN) joint venture, paying €1.7bn ($2.2bn) to take full control of the network infrastructure specialist. The deal, which is expected to close in Q3 2013, will see NSN become a Nokia subsidiary and, in the process, phase out the Siemens part of the name,

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