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

Feb. 07, 2013 4:30 PM ETNokia Oyj (NOK) StockNOK, SIEGYBy: Eric Jhonsa, SA News Editor15 Comments
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.

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