Nokia (NOK -1.2%) and Siemens (SI -0.9%) have "intensified talks" to end Siemens' involvement in...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK -1.2%) and Siemens (SI -0.9%) have "intensified talks" to end Siemens' involvement in their telecom equipment JV, sources tell Bloomberg. One scenario involves a joint buyout of Siemens' 50% stake in Nokia Siemens by Nokia and a "strategic partner" such as Alcatel-Lucent (ALU -6.4%), which is said to have "held exploratory talks" about a deal. Nokia Siemens, which is again profitable following a major restructuring, has been valued at up to €10B. ALU sold off after initially trading higher post-earnings.