4 Year Old Nokia Siemens Network [NSN] To Restructure Their Joint Venture
Telecom giant Nokia and conglomerate Siemens are moving to restructure a joint venture in telecommunications networking equipment after failing to acquire a controlling stake in it and two private equity groups, Kohlberg Kravis Roberts and TPG Capital already dropped out of the auction to take over from Nokia as the controlling partner in NSN. Shares of Nokia ended Friday down 14 cents at $5.88 and shares of Siemens finished the session down 60 cents at $131.18………..
