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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

By Charles Gantt on Aug 8, 2013 12:24 pm CDT - 0 mins, 34 secs reading time

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).

nokia_officially_parts_ways_with_siemens_1

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.

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

NEWS SOURCE:press.nokia.com

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