It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Nokia buys controlling stake of Nokia Siemens Networks for $2.2b Nokia buys controlling stake of Nokia Siemens Networks for $2.2b
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Nokia buys controlling stake of Nokia Siemens Networks for $2.2b
Reply
 
Thread Tools
Old 1st July 2013, 09:40   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 111,834
Stefan Mileschin Freshly Registered
Default Nokia buys controlling stake of Nokia Siemens Networks for $2.2b

That didn't take long -- just hours after Bloomberg reported that Nokia was planning to buy out its German partner, the two firms have made it official: Nokia Siemens Networks is about to become a fully owned subsidiary of Espoo. The 1.7 billion ($2.2 billion) buyout will eventually see the Siemens name dropped from the network, naturally, though Nokia hasn't yet announced what the restructured entity will be called. The transaction isn't a complete surprise, of course -- earlier this year Siemens CEO Joe Kaeser told Down Jones Newswires that 2013 was the year his company would help "NSN to move into a better place," announcing plans to separate from the partnership. Kaeser continued the thought with today's announcement, calling Nokia's new acquisition as "an attractive opportunity to actively shape the telecom equipment market for the future and create sustainable value." Nokia head honcho Stephen Elop echoed the sentiment, speaking highly of NSN's recent financial growth and looking ahead to forward ventures.

http://www.engadget.com/2013/07/01/n... ign=Engadget
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Samsung buys 10% stake into Pantech Stefan Mileschin WebNews 0 23rd May 2013 07:35
Nokia Lumia 520 review: does Nokia need another budget Windows Phone? Stefan Mileschin WebNews 0 29th April 2013 10:05
Foxconn buys 9 percent stake in GoPro for $200 million Stefan Mileschin WebNews 0 22nd December 2012 07:17
Nokia Siemens Networks sells optical fibre unit Stefan Mileschin WebNews 0 5th December 2012 09:05
Nokia Lumia 920 for AT&T: what's different? Stefan Mileschin WebNews 0 13th November 2012 08:43
Nokia Lumia 920 gets the FCC nod Stefan Mileschin WebNews 0 20th September 2012 09:55
Ericsson likely to buy Nokia Siemens Networks business arm Stefan Mileschin WebNews 0 4th September 2012 12:15
10,000 Nokia employees will be out of a job Stefan Mileschin WebNews 0 15th June 2012 07:45
Nokia Lumia 710 Review - T-Mobile's Nokia WP7 Stefan Mileschin WebNews 0 5th January 2012 07:45
TK: Nokia 6100 AchMalAch Mad Bargains 2 22nd January 2004 09:55

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 06:58.


Powered by vBulletin® - Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO