{"id":40958,"date":"2013-07-01T08:23:47","date_gmt":"2013-07-01T06:23:47","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=40958"},"modified":"2013-07-01T08:25:40","modified_gmt":"2013-07-01T06:25:40","slug":"nokia-buys-siemens-stake-in-nsn","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/40958\/nokia-buys-siemens-stake-in-nsn\/","title":{"rendered":"Nokia buys Siemens&#8217; stake in NSN"},"content":{"rendered":"<p>Finnish mobile phone company Nokia said on Monday it has agreed to buy Siemens AG&#8217;s stake in their joint venture Nokia Siemens Networks (NSN) for 1.7 billion euros ($2.2 billion).<\/p>\n<p>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.<\/p>\n<p>Nokia said it expected to close the transaction, subject to regulatory approval, during the third quarter of this year. ($1 = 0.7693 euros)<\/p>\n<h3 class=\"my-4\">More on Nokia Siemens Networks<\/h3>\n<p><a title=\"Ericsson primed for Nokia Siemens Network purchase\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/21330\/ericsson-primed-for-nokia-siemens-network-purchase\/\"><strong>Ericsson primed for Nokia Siemens Network purchase<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/20805\/nokia-siemens-networks-targets-brazil-expansion\/\"><strong>Nokia Siemens Networks targets Brazil expansion<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/15352\/nokia-siemens-networks-targets-35-of-brazilian-4g-network\/\"><strong>Nokia Siemens Networks targets 35% of Brazilian \u201c4G\u201d network<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/general\/7933\/nokia-siemens-networks-appoints-new-coo\/\"><strong>Nokia Siemens Networks appoints new COO<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/3845\/nokia-siemens-secures-loan-deal-report\/\"><strong>Nokia Siemens secures loan deal: report<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finnish mobile phone company Nokia said on Monday it has agreed to buy Siemens AG&#8217;s stake in their joint venture Nokia Siemens Networks (NSN)<\/p>\n","protected":false},"author":7,"featured_media":7936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,187,1990,5244,933],"class_list":["post-40958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-nokia","tag-nokia-siemens-networks","tag-nsn","tag-siemens"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=40958"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40958\/revisions"}],"predecessor-version":[{"id":40965,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40958\/revisions\/40965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7936"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=40958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=40958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=40958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}