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Nokia Buys Out Siemens NSN
2013-07-01 09:41:05

Michael Harper for redOrbit.com - Your Universe Online Finnish phone maker Nokia announced plans today to buy out Siemens' share of Nokia Siemens Networks (NSN), a joint venture the two companies started in 2007. Nokia will pay a less-than-expected 1.7 billion euros ($2.2 billion) to take control of NSN, a company which builds 4G and telecom equipment used to power smartphones and feature phones. Nokia's own cell phones have been struggling to compete with market leaders, Apple and...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.