NokiaSiemens Networks (NSN) is planning to increase as much as 700 million
Euros or equivalent of $930 Million from public markets in the spring
to pay down debt and fund investment.
The Financial Times said “ The high-yield bond will be the first time
the Nokia and Siemens joint venture has tapped public markets and it
will test the investor in the telecoms equipment maker ahead of
possible listing .”
NSN
has been turned around thanks to cost cuts and improved sales of
higher margins network equipment gear to operators investing in
faster 4G networks.
The
Analysts said “the unit
now looks an attractive proposition both for public investors and
private equity firms, with estimates earlier this month that it could
be worth well above 5 billion euros.'
Source:
ca.yahoo.com
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