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Nokia GmbH

European Commission approves the formation of Nokia Siemens Networks

Unconditional clearance given

(PresseBox) (Espoo, Finland and Munich, Germany, )
The European Commission today announced that it has approved the planned transaction to merge the Networks Business Group of Nokia and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks. According to the Commission's assessment, the transaction would not restrict effective competition in the relevant markets of mobile and fixed telecom networks and services.

CEO designate of Nokia Siemens Networks, Simon Beresford-Wylie, welcomed the decision, saying it was an important step towards full regulatory approval and good news for customers. "We believe this decision by the European Commission is a key milestone in obtaining
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