Disqus
India’s Siemens Ltd. (SIEM.BO: Quote, Profile, Research) said on Thursday it would sell its 100 percent stake in Siemens Public Communication Networks Pvt Ltd. to Nokia Siemens Networks India Pvt Ltd., an equal joint venture with Nokia (NOK1V.HE: Quote, Profile, Research).
Siemens Ltd., a unit of Germany’s Siemens AG (SIEGn.DE: Quote, Profile, Research), said the decision followed a deal to merge the networks business group of Nokia and Siemens’ carrier related operations for fixed and mobile networks worldwide.
Separately, the Indian company’s board approved the sale or transfer of the enterprise network division to a 100 percent subsidiary to be set up by Siemens in India. The transaction would be effective from April 2007.
Source: Reuters
Makes logical sense, now that Nokia and Siemens joined all other sub companies should go along with the merger as well.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
