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Industry: Email Alert RSS FeedNokia Siemens Networks sells shares in Dasan Networks
Telecomworldwire, August 28, 2008
TELECOMWORLDWIRE-28 August 2008-Nokia Siemens Networks sells shares in Dasan Networks(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Finnish telecomms infrastructure company Nokia Siemens Networks, owned by the Finnish telecomms solutions provider Nokia (NYSE:NOK) and the German electrical engineering and electronics company Siemens, said on Thursday (28 August) that it has signed a share purchase agreement with Dasan Networks.
Upon completion of the contract Dasan Invest, Dasan TPS, Skylake Ltd, and certain individual Korean investors will acquire all of Nokia Siemens Networks' shares in Dasan Networks which represent 56.13% of all the shares of the company.
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With the acquisition completed these Korean investors will hold 60.83% of the shares of the company.
No financial information was provided.
Nokia Siemens Networks, headquartered in Espoo, Finland, is an international telecomms infrastructure company with operations in some 150 countries worldwide.
((Comments on this story may be sent to tww.feedback@m2.com))
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