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Nokia officially parts ways with Siemens

Nokia completes purchase of Siemens held stake in Nokia Siemens Networks, now named Nokia Solutions and Networks (NYSE:NOK, NYSE:SI)

| Business, Financial & Legal News | Posted: Aug 8, 2013 5:24 pm

Yesterday, Nokia announced that they have officially completed their acquisition of the Siemens stake in the Nokia Siemens Network, a move that was first announced back on July 1. The company says that the Siemens name is being phased out from the Nokia Siemens Network and the new name branding shall now be known as Nokia Solutions and Networks (NSN).

 

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Nokia says that the Nokia Solutions and Networks is now wholly owned by Nokia; Rajeev Suri continues as CEO and Jesper Ovesen continues as Executive Chairman of the NSN Board of Directors. The NSN Board of Directors has been adjusted to the new ownership structure and the Siemens-appointed directors have resigned their positions.

NEWS SOURCES:Press.nokia.com

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