Nokia NOK has completed
the acquisition of Siemens' SI stake in Nokia Siemens Networks. The
transaction was originally announced on July 1, 2013.
In accordance with this transaction, the Siemens name is being phased
out from
Nokia Siemens Networks' company name and branding. The new
name and brand is
Nokia Solutions and Networks, also referred to as
NSN, which will be used also
for financial reporting purposes.
Nokia Solutions and Networks is wholly owned by Nokia and will
continue to be
consolidated by Nokia.
Rajeev Suri continues as CEO and Jesper Ovesen continues as Executive
Chairman
of the NSN Board of Directors. The NSN Board of Directors has been adjusted to
the new ownership structure as the
Siemens-appointed directors have resigned.
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