Nokia Siemens Networks, a provider of fixed and wireless telecom gear, is exploring options to sell a controlling stake in the firm, which could be worth about $2 billion, says a media report.
The company, a 50:50 joint venture between Finnish mobile phone maker Nokia Corp and engineering giant Siemen AG, is now facing a string of losses and shrinking customer base.
"Nokia Siemens Networks is considering selling a controlling stake in the four-year-old venture, which could be worth about $2 billion based on a 51 per cent stake,"
The Wall Street Journal reported citing a source.
The report said that it is exploring options as private-equity
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firms renew interest in the company.