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Nokia reportedly buying Siemen’s stake in NSN for 2.6 billion USD

| June 30, 2013 | 51 Replies

 

NSN_Logo

Someone went shopping this weekend. Nokia has apparently agreed to buy the Siemen’s 50% share of NSN for a reported 2.6 billion USD. How is Nokia going to afford this? With a bridge loan apparently. Perhaps Nokia are seeing more positive future potential in NSN.

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http://www.bloomberg.com/news/2013-06-30/nokia-said-to-agree-to-buy-siemens-stake-in-nsn-networks-venture.html

http://www.hs.fi/talous/Nokia+ostaa+Siemensin+osuuden+yhteisest%C3%A4+verkkoyhti%C3%B6st%C3%A4/a1372557521459

It’s an interesting result, given that some expected Nokia to sell its share of NSN.

Cheers dietyyli for the tip!

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Category: Nokia

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