Both Nokia and Siemens have a joint venture branded Nokia Siemens Network, which provides telecoms equipment in a number of supported markets. According to those familiar with future plans, Nokia Siemens Networks plans to raise as much as €700 million from public markets in spring 2013. This is said to help write off current debt while funding required investment.
This high-yield bond will mark the first time Nokia and Siemens have taken the joint venture into the public markets and will trial just how much interest is sparked with investors in the company ahead of a potential listing. We've previously looked at the performance of Nokia Siemens Network in quarterly financial reports released by the Finnish mobile device manufacturer.
In the latest report for Q4 2012, which was published just last two weeks ago, Steven Elop commenting the following:
"We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks. We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter."
Nokia Siemens Network has been turned around through cost-cutting measures, as well as improved sales of higher margin network equipment gear to mobile operators investing in 4G networking. With the continued expansion of the faster mobile data service, the company is in a comfortable position with the horizon of further custom available on a global scale as the mobile industry pushes forward.
It's reported that Analysts have stated the unit may be an attractive proposition for public investors, as well as private equity firms. Estimations were revealed earlier this month to be well above €5 billion. While not Windows Phone related, this is good news for those who follow Nokia closely.
Source: Financial Times
The Surface Duo's April 2021 update and changelog is here
Microsoft's Surface Duo's April security patch is on the way. It's 338MB in size and takes the build from 2021.207.70 to 2021.314.91. No details on what improvements are included have been disclosed yet.
Use GroupMe? You're finally going to get this long-overdue feature
Beta versions of GroupMe on iOS, Android, and Windows 10 are finally gaining a past-due feature: the ability to delete messages. The feature is now live for Windows Insiders and those enrolled in the beta programs. Such a feature would be necessary if GroupMe is to become a more extensive public social network.
Call of Duty: Warzone gets a new look in Season 3
The third season of Call of Duty: Black Ops Cold War is here, and with it comes the biggest change to Call of Duty: Warzone yet. A new map, new locations, and more are here for players to experience.
Play Microsoft Flight Simulator 2020 on the go with these gaming laptops
You don't require a desktop PC to truly enjoy Microsoft Flight Simulator 2020. We've rounded up some fine gaming laptops, like the excellent Razer Blade 15, that will more than happily let you take to the skies without a desk.