 "Nokia to buy out Siemens stake in joint venture for 1.1 bn euros")
Finnish mobile phone company Nokia said on Monday it has agreed to buy Siemens AG’s stake in their joint venture Nokia Siemens Networks (NSN) for 1.7 billion euros. [caption id=“attachment_917733” align=“alignleft” width=“380”]  The Nokia HQ: Reuters[/caption] While Nokia has been struggling to compete against Apple and Samsung in smartphones, the network gear maker NSN has been posting profits in the past few quarters. Nokia said it expected to close the transaction, subject to regulatory approval, during the third quarter of this year. Reuters
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