The logo of the telecommunications service provider Nokia Siemens Networks is depicted on top their Office in Berlin, 9 October 2012.
Credit: Reuters/Fabrizio Bensch
LONDON | Sun 20 Jan 2013 5: 19 pm EST
London (Reuters)-Nokia Siemens Networks (NSN) is planning to as much as 700 million euros ($ 930 million) of public procurement in the spring to pay debt and financing the investments, the Financial Times said on its website on Sunday, citing people familiar with the plan.
The high yield bonds is the first time the Nokia and Siemens joint venture has tapped public markets, the FT said, and it will test investor appetite in the telecommunications-equipment maker before a possible listing.
NSN, Huawei and ZTE, which was squeezed by rivals, thanks to cost cuts and better sales of around transformed higher margin network equipment gear to operators to invest in faster 4 G networks.
Analysts have said that the unit now looks an attractive option both for public investors and private equity firms, with estimates earlier this month that it would be worth well above the 5 billion euro.
A spokesman for NSN refused comment on the report.
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