Subscribe to this page now.

Nokia Siemens Networks raises $1.6 billion to restructure

01/23, 11:30pm

Follows a $1.3 billion bailout last year

Troubled joint venture Nokia Siemens Networks has raised $1.6 billion from US and European banks as part of a restructuring and re-focusing of the company's telecommunications equipment business. It had originally sought $1.95 billion to help pay off a $2.6 billion debt caused in part by the cost of a large redundancy program, and was bailed out last year to the tune of $1.3 billion by its parent companies after they failed to sell the joint venture.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Adesso Xtream S3B Bluetooth speaker

    Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

    JBL Synchros E40BT headphones

    For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

    Razer Taipan mouse

    The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News