Nokia has completed its acquisition of Siemens’ stake in Nokia Siemens Networks.

The £1.5 billion deal, which was agreed last month, means that the former 50/50 joint venture is now wholly owned by Nokia.

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.

Telefónica UK, which operates the O2 network, has chosen Nokia Siemens Networks to prepare it for 4G LTE roll-out in London and the South East of England.

It follows a 12-month trial of LTE technology across parts of London.

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.

Everything Everywhere and Nokia Siemens Networks have announced a machine-to-machine partnership that will link vending machines to NSN's cloud-based VendMe service via Everything Everywhere SIM cards.

It allows vending machine owners to take advantage of remote stock monitoring, location-based promotional messages and mobile payments.

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Mark Bridge writes:

James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

This week's edition of The Fonecast has more Orange and Google news than usual, although there's also plenty of talk about all the other recent industry headlines. And there's an in-depth review of the Movon MB80 Bluetooth wristband as well.

Iain, James and Mark talk about mobile phone health concerns, Nokia's legal action against Apple, the return of the rumoured Google gPhone, open source software, an art exhibition controlled by text messages... and much more.

This week's edition of The Fonecast includes talk about Motorola's next Android phone, the introduction of '999 roaming' in the UK, quarterly results from Nokia and loads of other industry news stories as well.

The Amazon Kindle and the Palm Pre arrive in the UK... and a texting bottle-top causes a disagreement. Plus, in our feature, Tom Hume from Future Platforms talks about mobile marketing.

With the Apple iPhone still making headlines, Faisal Sheikh from Fone Doctors tells us what the new multi-network deal will mean for everyone. And, as usual, the team takes its regular look at the rest of the week's industry news.