Nokia Siemens wins $7bn deal
Nokia Siemens Networks (NSN) has won an eight-year contract worth more than $7bn (£4.6bn) in the US, a deal analysts said could be the largest order ever placed in the mobile telecoms gear industry. Under the agreement, NSN will build and operate a high-speed wireless network for Harbinger Capital Partners new LightSquared venture. The deal, still subject to final approval from both boards, comes a day after NSN said it would buy Motorola’s telecom network equipment business for $1.2bn.