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Clock ticking as Nokia's Siemens deal strains cash reserves

Reuters/ AFR | July 5, 2013
Nokia has agreed to buy Siemens AG's share in a six-year venture for 1.7 billion euros

"As for the future of NSN, as we've said consistently there is a range of options that could exist for NSN over time," he said.

Many believe Nokia could list the network business or boost its cash position by selling network equipment manufacturing.

Fitch's Owen Fenton said on Tuesday that during the past year Nokia's handset and network businesses had outperformed the credit agency's expectations, but noted in the mobile phone business "the visibility is still extremely limited".

He said that the acquisition of the profitable network business was positive, but added that "it does not make too much difference."

 

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