Nokia to buy-out Siemens’ portion of Nokia Siemens Networks
0. phoneArena 30 Jun 2013, 18:57 posted on
With an expected announcement tomorrow, Nokia plans to buy the 50% of its Nokia Siemens Networks...
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1. jiezel91 (Posts: 58; Member since: 28 Jul 2011)
What a relief! At least, it isn't something in the tune of "Nokia to be sold to Microsoft" type of news.
I mean, I'm not against Nokia's adoption of Windows Phone. It's just that, I want Nokia to be independent to Microsoft.
2. iguano (Posts: 101; Member since: 10 May 2012)
.... i going to stop to beleave what the media sais about the companies... how can a BROKED company buy a half a PROFITABLE division from another company.... I really don't understand the news
4. Maxwell.R (Posts: 169; Member since: 20 Sep 2012)
Nokia's cash position is actually pretty good. The company is not so broke anymore. It's not riding the hog like Apple, Samsung or Google, but as of the most recent stats, the company's cash on-hand is greater than its debt. Nokia's maps (NAVTEQ), its feature (S40) devices and its share in NSN are contributors to that reality while the smartphones turn themselves around.
3. aryanfr1 (Posts: 47; Member since: 24 Jan 2013)
"using a bridge loan to finance the deal" hmmm! is it microsoft who are finacing them??????????? if true then Microsoft hits jackpot Nokia and Siemens :(
5. TechBizJP08 (Posts: 495; Member since: 25 Mar 2013)
maybe the money came from microsoft. They have a partnership that gives Nokia 1 billion $ yearly. Could have used the money for the separation.. :)
6. theminolaboy (Posts: 128; Member since: 18 May 2013)
Regardless if Microsoft financed this deal has nothing to do with Nokia's capability to pull off a billion dollar acquisition. Considering that it's still trying to pull things off? Impressive. They obtained Scalado to power up their mobile photography in the early days of Windows Phone 8 and that's one heck of a deal as well. I am very proud of my Nokia Lumia 720, of how Nokia drives customer satisfaction with the kind of phones they are showing, of how they are trying to be relevant again. This is the manufacturer I've known since the 90's. I hope I can talk to Steve Ballmer. I would say "Work your ass off dude! Windows Phone have a very bright future! "