Articles tagged with: Nokia Siemens Networks and Nokia

Nokia Debt Ratings Downgraded on NSN Buyout Deal

The rating action reflects Nokia's acquisition of the 50% stake in Nokia Siemens Networks (NSN) from Siemens for EUR1.7 billion, making Nokia the 100% owner.  more

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Fitch: Nokia NSN Buyout Positive, Timing Could be Problematic

Nokia's acquisition of Siemens' stake in Nokia Siemens Networks makes strategic sense, but puts pressure on Nokia's balance sheet and comes at a time when the future of its handset business is still uncertain,  more

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Siemens Sells its 50% Stake in Nokia Siemens Networks

Siemens has sold its 50 percent stake in Nokia Siemens Networks for EUR1.7 billion (US$2.2 billion) -- to its joint venture partner, Nokia. more

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Nokia and Siemens Increase Talks to Secure Future of NSN Joint Venture

Siemens is pushing Nokia to find a solution to their six-year old Nokia Siemens Networks joint-venture so that it can sell its 50% stake in the company. more

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Nokia exceeds outlook for Devices & Services and Nokia Siemens Networks

Nokia has released some preliminary financial figures for its performance during the fourth quarter 2012 and said that sales in its Devices & Services has exceeded expectations and achieved underlying profitability in the fourth quarter 2012. more

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Moody's: Capital Injection to Nokia-Siemens Networks is Credit Negative for Nokia

Moody's Investors Service has warned that the decision by Nokia and Siemens to inject EUR500 million each into their network infrastructure joint-venture could have a negative impact on Nokia's debt ratings. more

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Fitch: Nokia's NSN Capital Injection Manageable at Current Rating

Fitch Ratings says that it believes Nokia's injection of EUR500m of capital into Nokia Siemens Networks, underlines the company's need to take action to revitalise the business but does not pose an immediate threat to Nokia's own debt rating. more

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20th Anniversary of First Ever GSM Phone Call on a Commercial Network

On July 1, 1991, the world's first GSM call on a commercial network was made between Finland's former prime minister Harri Holkeri and vice mayor of the city of Tampere Kaarina Suonio. more

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Nokia and Siemens May Pour More Money into Infrastructure Joint Venture

Nokia and Siemens may have to pour more money into their troubled infrastructure joint venture, Nokia Siemens Networks after they were unable to sell a majority stake in the firm to an outside investor. more

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Two Bidders Withdraw from Nokia Siemens Network Sale

More bad news for Nokia, as two private equity groups have dropped out of the bidding to buy a stake in its Nokia Siemens Networks joint venture after disagreements about the price and degree of control the investors would get over the company. more

Related Tags: siemens, usa


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