The Finnish handset maker Nokia bought itself a future today with their latest purchase of Siemens AG stake in Nokia Siemens Network.
“Nokia Siemens Networks has established a clear leadership position in LTE, which provides an attractive growth opportunity,” Nokia chief executive Stephen Elop said in a statement.
Nokia Siemens Networks was established on April 1, 2007, as a joint venture combining Nokia’s Networks Business Group and Siemens’ carrier-related operations for fixed and mobile networks. Nokia Siemens Networks has since become a leading global provider of telecommunications infrastructure, deploying networks that help people stay connected in more than 150 countries around the world. The company’s focus is in offering innovative mobile broadband technology and services.