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?

We're looking at the latest mobile industry news and talking to Chris Caudle from the Independent Mobile Phone Dealers Association about his organisation's plans to resolve cashback problems. There's also a quick review of the new Samsung G810 multimedia phone.

This week's edition of 'The Fonecast' visits the Mobile World Congress in Barcelona with a special report from Mobile News online editor Mark Sennett. Iain Graham and Mark Bridge take their usual look at the latest mobile industry headlines - and there's a review of the forthcoming LG KF600 dual-screen phone.

This week's edition of 'The Fonecast' looks at all the latest mobile industry headlines, with a special focus on the proposed Microsoft & Yahoo! merger. We talk to Faisal Sheikh about faulty phones and also review the new Garmin nuvifone.

This week's edition of 'The Fonecast' investigates the recent boom in mobile broadband and USB modem sales by talking to the Commercial Product Manager for Hugh Symons Telecom. There's also a review of the Motorola MOTO U9 and the usual look at mobile industry headlines from the past 7 days.

This week the team look at the Nokia N82, talk to Adrian Foot of "The Phone Shop" about 3's connection policy, take a deeper look at unlocking and firmware upgrades, plus bring you the latest news and rumours.