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Articles tagged with: Siemens

Nokia-Siemens Fail To Secure Investors

Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture. The companies, which could not be immediately reached for comment, are now weighing investing more money in the venture, which is called Nokia Siemens Networks (NSN).

Talks to sell a controlling stake in the venture, which is the world’s No. 2 maker of wireless-networking gear, to a consortium that includes private-equity firms Gores Group LLC and Platinum Equity LLC are not expected to succeed.