The Nokia and Siemens have decided to converses with private equity organizations on an investment into Nokia Siemens Networks (NSN).
Company’s executives said to news paper that both partners were dedicated to implementation a turnaround before permitting for their options after their combined venture ends in 2013, the Financial Times post on its website on Sunday.

Nokia’s Chief Financial Officer Timo Ihamuotila said that, “We are always willing to talk to those who want to bring ideas and capital to the industry.” Both associates will continue as shareholder of the wireless network equipment maker “in any likely scenario” he added.

The Financial Times cited a person close to the matter saying, the deal could be value up to $ 1 billion and has drawn interest from a handful of potential investors.

In July NSN struck a contract to acquire Motorola telecom network equipment business at $ 1.2 billion in effort to infiltrate the US market.
Joe Kaeser, Siemens Chief Financial Officer said that, “The deal made NSN more attractive for potential investors. adding that private equity investment into the company “could be a good lever for its future business development.”

Rajeev Suri, chief executive of NSN, said that, “private equity investment could give the business greater strength and flexibility,” but he also said that fresh capital was not essential.”We’re not just looking for financial investment but also for new ideas,” he said.