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Tag: nsn
Nokia downgraded after NSN purchase
2013-07-05 15:25:15| Telecom - Topix.net
Ratings agency Standard and Poor's has downgraded Nokia's credit rating, citing the deal this week to buy out Siemens from its Nokia Siemens Networks joint venture for 1.7 billion euro .
Tags: purchase
nokia
nsn
downgraded
Nokia downgraded after NSN purchase
2013-07-05 15:05:59| Wireless - Topix.net
Ratings agency Standard and Poor's has downgraded Nokia's credit rating, citing the deal this week to buy out Siemens from its Nokia Siemens Networks joint venture for 1.7 billion euro .
Tags: purchase
nokia
nsn
downgraded
Nokia to buy Siemens' stake in NSN
2013-07-01 08:39:29| BBC News | Business | UK Edition
Nokia agrees to buy Siemens' 50% stake in their joint venture, Nokia Siemens Networks (NSN), for 1.7bn euros ($2.2bn; 1.5bn).
Nokia buys Siemens' NSN stake for 1.7bn
2013-07-01 02:00:00| Total Telecom industry news
Rajeev Suri to stay on as equipment maker's CEO; Nokia to phase out 'Siemens' part of brand.
Tags: nokia
siemens
buys
stake
Siemens shops NSN stake to private equity firms - report
2013-06-17 08:53:00| Telecompaper Headlines
(Telecompaper) Siemens is sounding out private-equity firms about buying its 50 percent stake in Nokia Siemens Networks, people familiar with the matter told the Wall Street Journal. The German conglomerate has approached a number of buyout funds, including TPG, Blackstone and KKR, to gauge their interest in buying the stake. Another possibility, less likely, is a sale of Siemen's stake in the venture, the report said. Analysts say the entire NSN business, if it were public, could be worth more than EUR 7 billion including debt. Since April each partner in the joint venture is free to explore options for its stake without the risk of a veto from the other party. It was unclear how Nokia would view a possible sale of all or part of NSN to private-equity investors, but according to the WSJ, it is considering buying out Siemens' stake. Nokia has held discussions with Solidium, the Finnish sovereign-wealth fund, which could help it pay for such a deal, people familiar with the matter said.
Tags: report
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