Mobscope

Back in June we all we informed of the merger between Nokia and Siemens “to combine Nokia’s Networks business group and Siemens’ carrier-related operations for fixed and mobile networks to form a new company called Nokia Siemens Networks.”  Yesterday, the European Commission Unconditionally gave it’s clearance to bless this merger.CEO designate of Nokia Siemens Networks, Simon Beresford-Wylie, welcomed the decision, saying it was an important step towards full regulatory approval and good news for customers. “We believe this decision by the European Commission is a key milestone in obtaining all the relevant approvals for the transaction. While there are notifications still pending in some countries, based on this decision we are optimistic that the merger can be closed within the timetable anticipated by both parties.”

This merger has cooperate synergies written all over it that we all hope can be passed down to Joe Gadget Buyer. Let’s all hope it’s not sucked up in Cooperate severance packages or the like.