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:
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
Rich Edmonds is Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him over on Twitter at @RichEdmonds.
Just an interesting note. I use Clear a.k.a Clearwire for my home internet service (Yes, this is the same Clear that Sprint has partnered with to provide 4G to their customers). Several months ago, a firmware update changed the branding of the modems diagnostic page from Motorola to Nokia Siemens Networks. It didn't make any sense at the time, but this sheds a little light.
That's because Nokia Siemens Networks purchased the Motorola wireless division over a year back.
I tend to pronounce it as "Nokia Semen Network"...
as Denise said I didnt know that a mother able to earn $5026 in 4 weeks on the computer. did you read this link ...--- http://goo.gl/La7Xn (Click on menu Home)
As I'm working for NSN, I really hope we will show a good result for Q4 2012.
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