European vendor Nokia Siemens Networks (NSN) is looking for an investor with industry expertise to strengthen its assets beyond the JV’s 2013 break-up, reported Bloomberg citing CFO Joe Kaeser.
Speaking to journalists in Munich yesterday, Kaeser…
European vendor Nokia Siemens Networks (NSN) is looking for an investor with industry expertise to strengthen its assets beyond the JV’s 2013 break-up, reported Bloomberg citing CFO Joe Kaeser.
Speaking to journalists in Munich yesterday, Kaeser reportedly said the group, a JV between Finland’s Nokia and Germany’s Siemens, is looking for more than just finance to support its business in the longer-term.
NSN CEO Rajeev Suri released a statement on August 30 acknowledging the JV had received approaches from a “handful” of PE firms.
NSN was unable to comment before the press deadline, but Blackstone and Bain Capital, TPG Capital and Silver Lake have all been tipped as likely suitors.
