The current deal applies only to their network equipment, not to handsets. As yesterday's CNN Money reported:
Nokia and Siemens AG agreed to combine their phone equipment units in a deal worth around $31.6 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
The combined company would contribute both of their network equipment operations into a new entity to be based in Nokia’s home country of Finland, the Journal reported, with Nokia retaining a majority of board seats.
NOK-SI 1-yr chart: