Thursday, January 30, 2014

Nokia Siemens Networks posted a profit of $ 1.2 billion during Q1 2013, an increase of 117 per cent

Nokia Taking Full Control Nokia Siemens Networks Through Agreements Valued at $ 2.2 Billion - Home News
Nokia has announced that they have taken full control of the joint-venture telecommunications company Nokia Siemens Networks ie, after it agreed to buy Siemens partner in a $ 2.2 billion deal.
This transaction has been speculated by Bloomberg citing three sources close to the deal and full control of the lucrative business now will help offset the losses incurred ching chime to the Nokia of the hardware and the Windows Phone business. The Finnish phone maker recorded a loss of $ 196 million during Q1 2013.
Under pressure from companies such as Huawei and ZTE, Nokia Siemens Networks is a business ching chime that is not profitable ching chime and good partners both Nokia and Siemens have unsuccessfully tried to sell the company ching chime to a private financier of last year. However, a series of cost-cutting initiatives, including cutting 17,000 jobs have made the company may see profits increase significantly and transform into a profitable enterprise.
Nokia Siemens Networks posted a profit of $ 1.2 billion during Q1 2013, an increase of 117 per cent on the previous year. Profit in Q4 2012 higher, coming in at $ 1.56 billion. Nokia hopes the deal will be completed in the third quarter of 2013. He said that this business will be wholly owned by Nokia. The Company confirms that Nokia Siemens Networks will change its name, but said he would reveal the new brand after the transaction is completed.
"With ching chime a clear strategic focus and strong leadership team, Nokia Siemens Networks has been structurally improve operational ching chime and financial performance. Furthermore, Nokia Siemens Networks has established a clear leadership position ching chime in LTE, which provide an attractive growth opportunity. Nokia happy with this development and look forward to continuing to support this effort to create value for shareholders over the Nokia group. ching chime "
The deal amounted to $ 2.2 billion that will be paid with 1.2 billion in cash, and the remainder through a loan one year after the deal closed. Sharing Means Caring Other Interesting Stories: Bloglovin Getting His First Major Redesign Paypal Medium The Future of Money On Ebay Space Square Challenge Amazon With Flexible OLED Display Market Square will be Mass Produced By LG At This Year
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