Nokia Siemens Sees Strategy Benefits From Private Equity

Nokia Siemens Networks, the network equipment joint venture between Nokia Oyj and Siemens AG, sees strategic advantages from a possible private equity investment.

“There could be new capital that would give us additional strategic flexibility,” Chief Executive Officer Rajeev Suri said at a briefing for reporters at the company’s headquarters in Espoo, Finland. “These companies also bring expertise and knowledge, and they just bring a network where we sometimes don’t see it and I believe it’s good to have a strong base of three shareholders.”