Nokia and Siemens are merging their mobile and fixed-line phone network equipment businesses in a deal reported to be worth 25bn euros ($31bn; £17bn).

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Both companies will have a 50% stake in the infrastructure firm, to be called Nokia Siemens Networks and based in Nokia's home country of Finland.
The firms hope it will save 1.5bn euros annually in costs by 2010.
The move follows a tie-up between French phone equipment firm Alcatel and US company Lucent Technologies.
The company forecasts annual sales of 16bn euros.
The savings will come from areas such as research and development costs.
The Wall Street Journal put the value of the deal at about 25bn euros.
Siemens said the new company would have "a world-class fixed-mobile convergence capability, a complementary global base of customers, a deep presence in both developed and emerging markets and one of the industry's largest and most experienced service organisations".
The new firm will be the world's third biggest phone equipment network. Swedish firm Ericsson is the largest.
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