Bloomberg reports from “three people” familiar with situation that Nokia may be buying the Siemens stake in NSN for 2 billion euros and the announcement may come a early as today.
Nokia, based in Espoo, Finland, may announce as soon as today a deal to buy Siemens’s 50 percent shareholding in Nokia Siemens Networks, the people said, asking not to be identified because the discussions were private. Nokia will pay less than 2 billion euros ($2.6 billion) and use a bridge loan to help finance the purchase, one of the people said.
NSN has been most profitable part of Nokia for last few quarters and it is no surprise if Nokia opts for making its fully own. This also confirms our opinion about how many of the tech and news site love to downplay important bits about Nokia and just love to spread negative buyout stories. Now, it seems the much-touted Nokia board meeting during Joe Belfiore’s visit to Finland was certainly about NSN and that made total sense at that time as well :P.
Actually, if Nokia buys and owns NSN completely, it is a win situation, considering Nokia was the controlling and managing partner of the venture and NSN still seems to be on growth path very well.
Thanks Mika, Joeri and many others who tipped us. Cheers!!