Euronews: Plan B for NSN Sale

Nokia and Siemens rethink their approach to the sale of NSN stake, and the 'white space' race is on in the UK

Paul Rainford, Assistant Editor, Europe

June 27, 2011

1 Min Read
Euronews: Plan B for NSN Sale

Nokia Corp. (NYSE: NOK) and Siemens AG (NYSE: SI; Frankfurt: SIE) are the headliners in today's regional roundup.

  • Nokia and Siemens are now looking at restructuring their Nokia Networks joint venture as their attempts to sell a significant stake in the global vendor, which generated interest from the private equity sector, appear to have failed, according to a report in the Wall Street Journal. The plan would involve Nokia and Siemens injecting more cash into NSN, says the report. (See Euronews: NSN Stake Bids Fall Away and NSN Seals Moto Wireless Deal.)

  • Following on from BT Group plc (NYSE: BT; London: BTA)'s announcement of a "white space" wireless trial on the remote Scottish Isle of Bute earlier in the month comes news from the Financial Times of a similar but much larger experiment that will take place in Cambridge, U.K. and count Microsoft Corp. (Nasdaq: MSFT), the British Broadcasting Corp. (BBC) , Nokia, Samsung Corp. , Sky and BT among the participants. The focus of this group appears to be the formation of wireless broadband hotspots for smartphone/tablet/Wi-Fi device connectivity. (See Openreach Trials 'White Space' Broadband.)

  • Magyar Telekom plc , the Hungarian operator owned by Deutsche Telekom AG (NYSE: DT), has agreed to settle a Securities and Exchange Commission (SEC) investigation into potentially illegal payments at its Montenegrin or Macedonian units, reports Reuters.

  • Phil Roberson, who was appointed head of devices at T-Mobile (UK) /Orange UK joint venture EE last year, is defecting to Taiwanese handset giant High Tech Computer Corp. (HTC) (Taiwan: 2498), reports The Independent. Roberson will be based at the HTC's new European headquarters, which are located in the U.K.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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