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Nokia & Siemens To Merge Network Business
http://news.yahoo.com/s/nm/20060619/bs_nm/nokia_siemens_dc_9
Nokia and Siemens have agreed to combine the bulk of their telecom networks businesses to create one of the biggest players in the industry, sending shares in both firms higher.
Analysts put a value of 20 billion-25 billion euros ($25.2 billion-$31.5 billion) on the new business, whose Finnish and German parents will exchange no money to do the deal. Around one in five mobile phone calls is already made via a Siemens or Nokia network.
