Nokia, Siemens confirm Equity investment talks: report

Nokia and Siemens are likely to invest with private equity firms over a possible investment into Nokia Siemens Networks (NSN).
Both the companies were dedicated to carrying out a turnaround before considering their options after their joint venture ends in 2013.
According to Nokia’s Chief Financial Officer Timo Ihamuotila, the companies are constantly willing to talk to those who want to bring ideas and capital to the industry. Nokia and Siemens will continue to be major shareholders of NSN in any likely scenario.
According to a close source, a potential deal could be worth up to US$1 billion and has drawn interest from a handful of potential investors.
NSN in July thumped a deal to buy Motorola’s telecom network equipment business for US$1.2 billion in an effort to enter the U.S. market.
According to Rajeev Suri, NSN’s chief executive, private equity investment could give the business greater strength and flexibility but supposed fresh capital was not essential. The company is not just looking for financial investment but also for new ideas.
NSN was associated in 2007 as a 50-50 venture that joint the network equipment weaponry of Nokia and Siemens to race against the rivals.