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1). Nokia and Siemens announce top executives for Nokia Siemens Networks
Nokia and Siemens today announced the future top executive team for Nokia Siemens Networks, the recently announced 50-50 joint venture that combines the Networks Business Group of Nokia and the carrier-related operations of Siemens. The new company is expected to start operations by January 1, 2007, subject to customary regulatory approvals, the completion of standard closing conditions, and the agreement of a number of detailed implementation steps.
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