The price, 1.7 billion euros, is less than industry analysts had expected so it appears Nokia may have gotten a good deal.
Nokia will pay 1.2 billion euros for the 50 percent stake and took out a 500 million euro loan from Siements due in a year to pay for the rest.
The joint venture just became profitable last year, and had been valued at just about 5 billion euro.
Nokia Siemens's headquarters will remain in Espoo, Finland, and CEO Rajeev Suri will keep his current position.
Written by: Andre Yoskowitz @ 1 Jul 2013 15:00
