Shares of  Nokia Corporation (ADR) (NYSE:NOK) after releasing new models of Lumia phones gradually surged more than 40% in previous 30 days.

The new move comes in front, when Finnish and German engineering giants Nokia (NYSE:NOK) and Siemens’ decided to close its joint venture Nokia Siemens Networks (NSN), declared that they plans to shut down one of its German units with the possible loss of 1,000 jobs.

The firm declared in a statement that Nokia Siemens Networks is aiming to shut its German unit Nokia Siemens Networks Services in the area of traditional telecommunications by end of 2013 at the newest. In addition, this move will eliminated about 1,000 employees at 16 sites in Germany.

Nokia Siemens Networks (NSN) said that since the business was set up in 2008, it was never beneficial in the 5 years, despite building up aggregate losses in the double-digit in millions of Euros.

As the part of the strategic re-orientation of Nokia Siemens Networks to focus on mobile broadband, these types of network infrastructure services are no longer part of their core business.

The head of NSN’s German operations, Hermann Rodler stated that they have completed every attempt to build the unit cost-effective on a long-lasting basis. However, the business persists to be loss-making and there is no symbol of it ever breaking even. These failures in a business region that is no longer core are totally intolerable.

Shares jumps on release of Lumia in China, as an analyst with Scotia Capital Inc. in Toronto, Gus Papageorgiou in an interview declared that they are releasing one of their Lumia phones with China Mobile, and there was an expectation that Apple would release their iPhone on that same network. He thinks, still they will and most likely the release will be closer to Chinese New Year.