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

Both Nokia and Siemens take a articulation venture branded Nokia Siemens Network, which provides telecoms equipment in a number of supported markets. According to those familiar with futurity plans, Nokia Siemens Networks plans to heighten as much as €700 1000000 from public markets in spring 2022. This is said to assist write off current debt while funding required investment.

This high-yield bond will mark the start time Nokia and Siemens have taken the joint venture into the public markets and will trial just how much interest is sparked with investors in the company ahead of a potential list. Nosotros've previously looked at the performance of Nokia Siemens Network in quarterly fiscal reports released by the Finnish mobile device manufacturer.

In the latest report for Q4 2022, which was published simply last two weeks agone, Steven Elop commenting the following:

"Nosotros are pleased that Q4 2022 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks. We focused on our priorities and as a outcome we sold a full of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered nonetheless another very good quarter."

Nokia Siemens Network has been turned around through price-cutting measures, too as improved sales of higher margin network equipment gear to mobile operators investing in 4G networking. With the continued expansion of the faster mobile information service, the company is in a comfy position with the horizon of further custom available on a global scale as the mobile industry pushes forwards.

It's reported that Analysts have stated the unit may be an attractive proposition for public investors, as well as individual equity firms. Estimations were revealed earlier this month to be well to a higher place €5 billion. While not Windows Phone related, this is adept news for those who follow Nokia closely.

Source: Fiscal Times

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