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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.