Sunday, 24 September 2017

Siemens plans 2013 NSN exit

By Mary Lennighan, Total Telecom
Thursday 21 March 13

German company responds to speculation over the future of Nokia Siemens, says it has no intention of continuing as a shareholder in joint venture.

Siemens expects to dispose of its shareholding in Nokia Siemens Networks later this year, company CFO Joe Kaeser revealed this week. "2013 will be the time for Siemens to help NSN to move into a better space," Kaeser said during a webcast presentation at the Bank of America Merrill Lynch Global Industrials Conference in London on Wednesday…

Siemens expects to dispose of its shareholding in Nokia Siemens Networks later this year, company CFO Joe Kaeser revealed this week. "2013 will be the time for Siemens to help NSN to move into a better space," Kaeser said during a webcast presentation at the Bank of America Merrill Lynch Global Industrials Conference in London on Wednesday…

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