Nokia buys back Siemens’ stake in NSN

Via Wall Street Journal Online & Businessweek Bloomberg:

With Nokia Siemens Networks having returned to profitability in Q1 2013, Nokia bets on the telecom network business – will pay €1.7B to buy back Siemen’s 50% stake in the JV.

Nokia will finance this purchase with a combination of external bank financing (€1.2B) and a secured loan from Siemens (€0.5B).

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