Nokia Networks formerly Nokia Solutions and Networks (NSN) and Nokia Siemens Networks, is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and wholly owned subsidiary of Nokia Corporation. It was a joint venture between Nokia of Finland and Siemens of Germany known as Nokia Siemens Networks. Nokia Networks has operations in around 150 countries. In 2013, Nokia acquired 100% of the company, with a buy-out of Siemens AG. In April 2014 it was announced the NSN name will be phased out. The company operates a technology center in Budapest, Hungary.