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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 handsets sale reveals revamped networks value

Nokia‚Äôs $7.2 billion sale of its core telephones division to Microsoft leaves three disparate high quality industry gadgets whose price will have to take advantage of the deal. The significant working business will now be the cleaned-up networks unit NSN – once again winning and totally owned with the aid of Nokia after shopping for out former companion Siemens – …

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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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Nokia Siemens Network may lose Kolkata factory plot to state govt

Nokia Siemens Network may lose Kolkata factory plot Nokia Siemens Networks (NSN) may lose its 9 acre plot in Kolkata to the state government, if they do not provide them with an alternate land utilisation plan, for after July 31. According to Times of India, NSN had only recently announced that it will be shutting down its Kolkata telecom factory …

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