Nokia и Siemens told the public that in the near future they will publish a plan to save the joint venture Nokia Siemens Networks (NSN), which produces various telecommunications equipment. Recent times NSN brings nothing but losses.
The partners spent some time looking for investors whose investments could help the development of the company. However, the search turned out to be fruitless. For this reason, it was decided to act independently. NSN undergoing major restructuring.
The joint venture is the world's second largest manufacturer of telecommunications equipment. However, competition has intensified in this market in recent years. And now, in addition to the Swedish Ericsson, you also need to fight with the ever-growing Chinese Huawei и ZTE.