Mobile Phone News

Nokia Siemens looking to swallow up another company, Dasan Networks in Korea

By Stefan Constantinescu on Monday, November 20th, 2006 at 3:27 pm PST In Corporate News

Nokia (NYSE: NOK) Corp. and Siemens AG will set up a joint venture in South Korea
early next year to acquire a controlling stake in Siemens’ local tech
affiliate, market sources said Monday.

The affiliate, Dasan
Networks Inc., is a network equipment maker, in which Siemens had a
52.4 percent interest as of June this year.

Source: Yonhap news

Sadly I can’t gather any more information on this since you need to pay to read their articles. If anyone out there can link me up with some more information I’d be thankful.

  • E-mail this story to a friend!
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • Reddit
  • TwitThis
  • StumbleUpon

Related News from IntoMobile

What are your thoughts? Leave a comment...

How do I change my avatar?
Go to gravatar.com and upload your preferred avatar.