Nokia acquisisce la quota del 50% di Nokia Siemens Network in mano a Siemens e diventa proprietaria dell’intero pacchetto azionario della società Nokia Siemens Network. Nokia Siemens Network è stata fondata il 1° Aprile 2007 da Nokia e Siemens, diventando in pochi anni leader mondiale nella fornitura di infrastrutture di telecomunicazioni in 150 paesi.
La transazione, che dovrebbe concludersi nel 3° trimestre 2013, è costata all’azienda finlandese 1,7 miliardi di Euro, in parte coperti da prestiti bancari, in parte utilizzando la liquidità di Nokia. Una parte del costo totale dell’operazione (1,2 miliardi di Euro) verrà saldata in contanti alla chiusura dell’accordo, il resto sotto forma di strumenti finanziari diversi. Il management della società rimarrà lo stesso di adesso, così come la sede dell’azienda che resterà ad Espoo. L’unica novità riguarderà il brand che, alla chiusura dell’accordo, diventerà Nokia Networks.
Stephen Elop, Presidente e CEO di Nokia, ha commentato: “Con la sua chiara focalizzazione strategica e di forte leadership, Nokia Siemens Networks ha strutturalmente migliorato la sua performance operativa e finanziaria, inoltre, Nokia Siemens Networks ha stabilito una chiara posizione di leadership nella fornitura di reti LTE. Nokia è soddisfatta delle performance dell’azienda e dell’acquisizione, e intende continuare a sostenere gli sforzi per creare più valore per gli azionisti del gruppo Nokia “.
Questa operazione mette fine alla ridda di voci che volevano Nokia in difficoltà finanziarie, e alla ricerca di acquirenti per alcune delle proprie attività, tanto che si era parlato anche della cessione della divisione mobile a Microsoft o Huawei. Nokia, invece, rilancia e mette in atto una operazione finanziaria in grande stile, confermando l’impegno per la crescita dell’intera azienda.
Di seguito il comunicato ufficiale:
The purchase price for Siemens’ stake is EUR 1.7 billion and the transaction is expected to close during the third calendar quarter of 2013. Upon closing of the planned acquisition, Nokia Siemens Networks will become a wholly owned subsidiary of Nokia.
Stephen Elop, President and CEO of Nokia, commented: “With its clear strategic focus and strong leadership team, Nokia Siemens Networks has structurally improved its operational and financial performance. Furthermore, Nokia Siemens Networks has established a clear leadership position in LTE, which provides an attractive growth opportunity. Nokia is pleased with these developments and looks forward to continue supporting these efforts to create more shareholder value for the Nokia group.”
Joe Kaeser, Siemens CFO, commented: “With this transaction, we continue our efforts to strengthen our focus on Siemens’ Core areas of Energy management, Industry and Infrastructure as well as Healthcare. The full acquisition of Nokia Siemens Networks by Nokia offers an attractive opportunity to actively shape the telecom equipment market for the future and create sustainable value.”
Nokia Siemens Networks was established on April 1, 2007, as a joint venture combining Nokia’s Networks Business Group and Siemens’ carrier-related operations for fixed and mobile networks. Nokia Siemens Networks has since become a leading global provider of telecommunications infrastructure, deploying networks that help people stay connected in more than 150 countries around the world. The company’s focus is in offering innovative mobile broadband technology and services.
Nokia will continue to consolidate Nokia Siemens Networks for financial reporting purposes as well as continue to strengthen the company as a more independent entity.
Accordingly, Nokia plans to retain the existing management and governance structure at Nokia Siemens Networks, with Rajeev Suri continuing as CEO and Jesper Ovesen continuing as Executive Chairman of the Nokia Siemens Networks Board of Directors, which will adjust to the changing ownership structure.
Nokia Siemens Networks’ operational headquarters will remain in Espoo, Finland, and the company will continue to have a strong regional presence in Germany, including its major hub in Munich. Nokia supports the current management plan, including the already in-progress Nokia Siemens Networks restructuring plan that remains unchanged as a result of this announcement.
In accordance with this transaction, the Siemens name will be phased out from Nokia Siemens Networks’ company name and branding. Nokia and Nokia Siemens Networks plan to confirm the new name and brand at the closing of the transaction.
The purchase price totals EUR 1.7 billion, of which EUR 1.2 billion will be paid in cash at the closing of the transaction. The balance of EUR 0.5 billion will be paid in the form of a secured loan from Siemens due one year from closing. Nokia has obtained committed bank financing for the EUR 1.2 billion cash portion.
At the end of the first quarter 2013, Nokia had gross cash of EUR 10.1 billion and net cash of EUR 4.5 billion. Nokia currently estimates that at the end of the second quarter 2013, Nokia had gross cash of between EUR 9.2 billion – EUR 9.7 billion and net cash of between EUR 3.7 billion – EUR 4.2 billion. For comparison purposes, if the transaction to purchase Siemens’ 50% stake had been closed during the second quarter 2013, Nokia currently estimates that it would have ended the second quarter of 2013 with gross cash of between EUR 9.2 billion – EUR 9.7 billion and net cash of between EUR 2.0 billion – EUR 2.5 billion, reflecting the deduction of the purchase price of EUR 1.7 billion from Nokia net cash.