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ExclusiveNokia to acquire full control of Nokia Siemens Networks

Nokia Corporation and Siemens AG have agreed that Nokia will buy Siemens’ 50% stake of the Nokia Siemens Networks joint venture for €1.7 billion (£1.5 billion).

The deal is expected to be completed during the third quarter of this year, subject to regulatory approval.

ExclusiveNokia Q3 figures show another quarterly loss

Nokia Corporation has published its quarterly results for the third quarter of 2012. Net sales were down 19% on the same quarter last year to €7.24 billion and the company made a much bigger loss than it did in Q3 2011: €576 million compared with €71 million last year.

However, the loss was less than the two previous quarters.

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