Nokia Completes the Acquisition of Siemens’ Stake in Nokia Siemens Networks (press release)August 7, 2013 No Comments
Nokia has announced it has completed its acquisition of Siemens’ stake in Nokia Siemens Networks.
Nokia completes the acquisition of Siemens’ stake in Nokia Siemens Networks
Stock Exchange Release
August 7, 2013 at 14.50 (CET +1)
Espoo, Finland – Nokia has completed the acquisition of Siemens’ stake in Nokia Siemens Networks. The transaction was originally announced on July 1, 2013.
In accordance with this transaction, the Siemens name is being phased out from Nokia Siemens Networks’ company name and branding. The new name and brand is Nokia Solutions and Networks, also referred to as NSN, which will be used also for financial reporting purposes.
Nokia Solutions and Networks is wholly owned by Nokia and will continue to be consolidated by Nokia.
Rajeev Suri continues as CEO and Jesper Ovesen continues as Executive Chairman of the NSN Board of Directors. The NSN Board of Directors has been adjusted to the new ownership structure as the Siemens-appointed directors have resigned.
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia’s technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.
NSN is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.
Nokia Siemens Networks is renamed as Nokia Solutions and Networks, also referred to as NSN, and the terms “Nokia Solutions and Networks”, “NSN” and “Nokia Siemens Networks” can be used interchangeably in this release.
Tags: Nokia, Nokia Siemens Networks, SiemensNews