Feeds

Nokia Siemens Networks plans to flog bonds, raise €700m

VCs didn't want to cough cash, but maybe public will...

SANS - Survey on application security programs

Nokia Siemens Networks is planning to go to the public markets to try to get some financing through high-yield bonds for up to €700m (£580m, $930m).

The telecoms equipment firm will be hoping that there’s enough investor appetite to make its bonds a good buy, meaning that some folks reckon the company is worth betting on.

People familiar with the plan told the Financial Times (behind paywall) that NSN would be issuing the bonds this spring and would use the money raised to pay off some debts and fund the business.

The company’s parents Nokia and Siemens tried to offload it onto private equity firms last year, but they weren’t able to get a deal going. Since then, the pair of firms have given NSN €1bn to rejuvenate its business, while its CEO Rajeev Suri has started cutting costs by selling businesses and axing jobs to the tune of 17,000 by the end of 2013.

As a result, NSN has made some money in the last three quarters, making it a more attractive proposition for either private equity or potentially the stock market, and giving one parent, Nokia, some funds to offset its troubles in mobiles. ®

Combat fraud and increase customer satisfaction

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.