Nokia kits up

First published on Industry Briefing, Economist Intelligence Unit, 25 July

When Nokia Siemens Networks (NSN) published its first annual report in March, it seemed the parent companies of the Finnish-German joint venture were stepping up their efforts for either a private equity sale or a listing. Siemens had made little secret of its desire to exit the loss-making manufacturer of mobile broadband equipment. That Nokia ended up buying out Siemens shows both firms ran out of patience. There‚Äôs also an air of desperation about the deal. (more…)