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Edition: U.S. Article Comments (0) Global Technology Summit Nvidia head sees competition for iPad High costs may delay new wafer technology AOL expands local news network in U.S. Mobile generation upends tech AT&T plans consumer security service for 2012 Samsung sees better LCD performance; no big investments Social network Viadeo shelves IPO plan Smartcard maker Gemalto bets on security Top quotes from the Global Technology Summit Comment: Do you play online games? Follow Reuters Facebook Twitter RSS YouTube Read Arnold Schwarzenegger fathered child outside marriage 10:20am EDT Strauss-Kahn in jail as IMF seeks new faces | 10:38am EDT Cannes film review: "Tree of Life" 10:56am EDT Historic Vicksburg, Mississippi faces flood siege | 16 May 2011 Generation gap shows in attitudes to Ireland 8:16am EDT Discussed 135 Son says bin Laden sea burial demeans family: report 96 Texas county official says ”stupid” feds sparked fire 79 Israel-Palestinian violence erupts on three borders Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Boot camp for rebels in Libya Sun, May 15 2011 Shuttle Endeavour blasts off Mon, May 16 2011 Private equity in talks for Nokia Siemens: sources Tweet Share this FRANKFURT (Reuters) - Nokia and Siemens are letting two private equity consortia look at the books of Nokia Siemens Networks as they try to sell the joint venture, three people familiar with the matter said. The consortia are The Gores Group with... Email Print Related News Analysis: Huawei lifts veil in bold bet on consumer gadgets Tue, May 10 2011 Alcatel Q1 sales reveal U.S. dependence Fri, May 6 2011 Nordics, U.S. top tech usage ranking Thu, May 5 2011 UPDATE 5-Bullish Siemens lifts FY outlook as orders boom Wed, May 4 2011 Siemens seeking acquisitions to tap broad growth Wed, May 4 2011 Analysis & Opinion Microsoft’s $8.5 bln Skype price is in the cloud Tech wrap: Sony says Anonymous set stage for breach Related Topics Technology Home » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » The German headquarters of Nokia Siemens Networks is pictured in Munich in this November 4, 2009 file photo. Credit: Reuters/Michaela Rehle FRANKFURT | Tue May 17, 2011 9:35am EDT FRANKFURT (Reuters) - Nokia and Siemens are letting two private equity consortia look at the books of Nokia Siemens Networks as they try to sell the joint venture, three people familiar with the matter said. The consortia are The Gores Group with Platinum Equity, and TPG with KKR, the people said on Tuesday. "It is not yet clear which parts of NSN any buyer would take over. The business still has to be restructured," one of the people said. Siemens wants to avoid being pilloried for any job losses resulting from a change of ownership, as happened when its former mobile phones unit filed for insolvency after being sold to Taiwanese group BenQ in 2005. "It is known that there have been talks, but we do not comment on them in any way," a spokeswoman for NSN said. Siemens was not available for comment. NSN, which just bought Motorola Solutions' mobile gear unit for $975 million, has struggled to make a profit since its 2007 start amid falling operator spending and fierce pricing from rivals Huawei and Ericsson. Sources told Reuters last year Nokia and Siemens initially invited four or five potential private equity buyers into the process. Nokia chief executive Stephen Elop said on May 3 there were no immediate plans to divest NSN. Siemens chief executive Peter Loescher said a day later the company was continuing to look for possibilities for NSN. (Reporting by Arno Schuetze and Nicola Leske; Additional reporting by Terhi Kinnunen and Jens Hack; Writing by Maria Sheahan; Editing by Dan Lalor) Technology Home Deals Global Deals Data 2011 Q1 Inflows Outflows Media Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. 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