Nokia and Siemens on $30B Venture

Nokia and Siemens, two of world's giants in the telecommunication industry has announced a merger in $30B venture (via AP), it will be called Nokia Siemens Networks. This is has big implications since Nokia, Seimens and Erricson are the three major providers of technology and hardware for telecommunications; while Erricson went with Sony to augment its phone design; A Nokia and Seimens combination would far exceed just augmenting the designs of their phone but in terms of technology as well since both has been in forefront of producing technology for Voip, Wifi and Web2.0 for mobile.