siemens

Siemens reportedly looking to sell its joint Nokia Networks venture

Windows Phone News

By Rich Edmonds, Monday, Jun 17, 2013 at 12:10 pm

It has been reported that Siemens has approached several private equity firms to gauge interest in purchasing its Nokia Siemens Networks (NSN) venture. Potential buyers are said to include TPG, Blackstone Group and KKR & Co, according to the Wall Street Journal. The paper notes the venture could be worth as much as $9.36bn and would be an attractive prospect for public investors. The FT reported back in January that the business would look to raise €700 million.

Nokia Siemens Networks looks to spark investment and raise €700 million

Windows Phone News

By Rich Edmonds, Sunday, Jan 20, 2013 at 7:43 pm

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.