Nokia faces decision on its now-lucrative NSN stake

04/1/2013 | Wall Street Journal, The

Nokia must decide this week how it wants to proceed with its Nokia Siemens Networks venture. While Siemens is almost certain to sell its stake, the telecom-equipment firm has turned into a cash cow for Nokia and is helping support its smartphone business turnaround efforts, analysts say. NSN contributed 46% of Nokia's sales in 2012, compared with 30% when CEO Stephen Elop first came to the company. Nokia has several options: find a partner to replace Siemens, launch a public stock offering or secure a backer to either fund Nokia's sale of its stake or allow the Finnish company to take control of NSN.

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Wall Street Journal, The

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