Nokia Siemens Networks To Raise About $930 Million From Public Markets

Posted on Jan 21 2013 - 10:41am by Editorial Staff

With the report published by The Financial Times (via Reuters) citing people familiar with the plan, the Nokia Siemens Network (NSN) planning to tap markets for 700 million euros (about $930 million) from public markets this spring in order to make the debts and fund investment clears. This is the first time when Nokia and Siemens joint venture tapping the public markets.

Opening the page of history last year, Nokia Siemens Network opened up an assembly line in Brazil so as to build next generation mobile phone networks while begin shipping fourth-generation (4G) wireless equipments from the starting of October, squeezing on the rivals Huawei and ZTE. Believe to be this plan of tapping public market will help the company.

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