PE Firms Close in on Nokia Siemens Networks

Nokia and Siemens are allowing two private equity consortia to look at the books of join venture Nokia Siemens Networks, in attempts to sell the company, Reuters reported. The consortia are The Gores Group with Platinum Equity, and TPG Capital with Kohlberg Kravis Roberts & Co. Nokia Siemens Networks has struggled to make a profit since its 2007 start, Reuters wrote.

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