PE firms are in talks to invest in Nokia Siemens Networks, the network equipment joint venture owned by Nokia and Siemen.
However, neither Nokia nor Siemens is seeking an early exit from NSN, the Financial Times reported Sunday.
A handful of investors are interested in NSN. A deal could be worth $1 billion and raises the possibility of an IPO, the FT said.
Last month, the FT said that Blackstone and TPG were interested in NSN while Silver Lake Partners and Bain Capital were linked. Not all of the companies are still involved, a source told the FT.