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.
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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.
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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.
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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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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.
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