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Nokia and Siemens to shutter NSN?

Finland’s Nokia and Germany’s Siemens have “intensified talks” to end their joint venture Nokia Siemens Networks after just six years, according to reports from Bloomberg.

The report, which cites three people “familiar with the situation”, adds that one possibility is a joint buyout of Siemen’s 50% stake by Nokia and a strategic partner such as Alcatel-Lucent, which has reportedly shown interest in such a deal.

Discussions are believed to have accelerated as a shareholder agreement comes up for renewal this April, although any potential buyout would not come cheap: the NSN joint venture is estimated to have a current enterprise value of around €10bn.

Alcatel-Lucent meanwhile has its own troubles: the company just posted a €1.3bn net loss for 2012 and announced the resignation of CEO Ben Verwaayen.

Via Bloomberg

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