Siemens Seeking Buyer for Nokia Siemens Networks

[ltecity]

Germany's Siemens has approached a number of private equity groups to seek a buyer for Nokia Siemens Networks joint-venture.
It is also possible that Siemens could sell just its 50% stake in the company, but investors may be wary as Nokia retains management control of the company.
Siemens is able to sell its 50% stake to an outside buyer without permission from Nokia after its five-year veto expired earlier this year.
Citing sources familiar with the talks, the Wall Street Journal said that the company would have a valuation of around US$9.4 billion including debt.. A sale would also be doubly beneficial for Nokia as it currently accounts for the joint-venture's debt on its own accounts.

[rkdrkd]

Siemens seems to be increasing its efforts at finding a suitable buyer for its wireless infrastructure joint venture with Nokia (NYSE:NOK), Nokia Siemens Networks. The German company has reportedly approached a number of private equity players, including Blackstone, TPG and KKR, to see if they would like to buy out either the joint venture completely or possibly only its stake in the company. ^[1] The talks seem to have followed after a recently amended shareholder agreement allowed both Nokia and Siemens the freedom to do as they wish with their stake without the fear of being vetoed by the other party. Siemens, which has only a non-controlling stake in the JV, has been looking to shed its non-core assets in recent years, and exiting the joint venture fits in well with that strategy. Nokia, on the other hand, faces a tricky situation and may not want to sell out completely given its controlling stake in the venture that is undergoing a successful turnaround in operations currently.

http://www.trefis.com/stock/nok/arti...xit/2013-06-17

[SCHERIFFHELMY]

Hello
if Siemens Sold thier part , does this means that SIEMENS no longer
in the GSM/UMTS market , there will be no more SIEMENS RNC or SIEMENS BTS??????

[ltecity]

May be its possible.
But Huawei is also not ready to buy this stack.

[D33T0X]

Was Huawei approached as a buyer?

May be its possible.
But Huawei is also not ready to buy this stack.