Telecom Giants in Europe Plan $30 Billion Deal

Nokia of Finland and Siemens of Germany are expected to announce on Monday that they will merge their telecommunication network equipment businesses in a deal valued at more than $30 billion, people involved in the transaction said tonight

Another Merger in the Telecoms space. Not sure how much of a 50/50 merger it is, Siemens wanted out of the telecoms business, it's sold off it's handset division and now it's got shot of the next largest chuck. [Via]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s