Nokia Siemens Networks B.V, a joint venture between Nokia Corp. (NOK) and Siemens AG (SI), is in talks with several private equity firms about a potential investment of at least $1 billion in exchange for a minority stake, the media reported Saturday.
The telecommunications equipment maker's talks with firms like The Blackstone Group (BX) and TPG Capital are in the early stages and may not lead to a transaction, the reports said, adding that the investment could be for up to a third of Nokia Siemens.
The planned investment reportedly is to fund its $1.2 billion deal to acquire the majority of Motorola, Inc.'s (MOT) wireless network infrastructure assets, which was announced on July 19. The deal with Motorola is expected to be completed by the end of 2010, subject to customary closing conditions.
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