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Tag Archives: Nokia Siemens

Nokia solutions chairman to step down after Microsoft deal

Nokia stated the chairman of its networking tools unit, Nokia solutions and Networks (NSN), will step down following the sale of the Finnish company’s mobile phone business to Microsoft. NSN Chairman to step down Jesper Ovesen, who joined NSN in 2011 when it was nonetheless a three way partnership between Nokia and Siemens, will proceed for a while as a …

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Nokia downgraded by S&P after Nokia Siemens Networks purchase

  Ratings agency Standard and Poor’s on Friday downgraded Nokia Corp.’s credit rating, citing the deal this week to buy out Siemens from its Nokia Siemens Networks joint venture for 1.7 billion euros ($2.21 billion).The agency lowered the Finland-based company’s long-term corporate credit rating to B+ from BB-, warning that its strong balance sheet will weaken as a result of …

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