Chief Executive Officer for Finland based Nokia Stephen Elop said that the company has not considered synergies in the acquisition of the Siemens' stake. It was reported earlier that Nokia acquired 50% of stake owned by Siemens in the Nokia Siemens Networks (NSN). The said deal was priced at US$2.2 billion. The sale of Siemens' stake in the joint venture firm was done as the company wanted to focus more on its other business units including healthcare and rail.

An interview through a conference call was initiated to ask Elop, chief executive officer for Nokia, if the company would sell the gear maker. The CEO said that the future of NSN is open to all range of options. He added that those options remained open as these options could exist for the company over time.

In contrast with the phone business of Nokia, NSN has increased its profit by the second quarter of 2012. The Nokia Siemens Networks' adjusted earnings before interest and taxes reached Eur196 million in the first quarter of 2013.