Home › News ›

Nokia Siemens Networks Confirms Capital Search

Article Comments

Aug 29, 2010, 10:23 PM by Eric M. Zeman

Nokia and Siemens have confirmed to the Financial Times that they are seeking investment partners for their shared Nokia Siemens Networks venture. "We are always willing to talk to those who want to bring ideas and capital to the industry," Nokia's Chief Financial Officer Timo Ihamuotila told the Financial Times. Nokia and Siemens have an agreement in place to co-operate the joint venture through 2013 and that won't change despite the addition of capital from an outside firm. Nokia Siemens hopes to bring in about $1 billion in additional funding through the investment from a private organization. Earlier this year, Nokia Siemens Networks agreed to purchase some of Motorola's wireless networking assets for $1.2 billion. Soon after that, the Wall Street Journal reported that Nokia Siemens was seeking capital from investment firms. The Financial Times report confirms the earlier Journal report.

Reuters »

Related

Soundcore Upgrades its Flagship Earbuds with Advanced ANC

Oct 7, 2021
Soundcore today announced Liberty 3 Pro premium true wireless earbuds. Compared to the Liberty 2 Pro, the new model adds active noise cancellation (ANC) and improved sound performance.

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung Upgrades its Wearables

Aug 10, 2022
Alongside its new foldable phones, Samsung has revealed its newest smartwatches and Bluetooth earbuds, each with significant engineering improvements. The new Galaxy Watch5 has a 13% larger battery and 60% more durable face compared to the Watch4.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Samsung Galaxy A53 Coming to US in Two Weeks

Mar 17, 2022
Samsung today fleshed out more of its 2022 lineup of affordable Galaxy A-series phones. The new Galaxy A73, A53, and A33 are nearly identical in design and features, differing only in a few display and camera specs.

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1