Nokia Siemens Networks has changed its name to NSN, reflecting the change of ownership following Nokia’s acquisition of Siemens’ entire 50 percent stake, which has just been completed.
Nokia Solutions and Networks is now wholly owned by Nokia. Rajeev Suri will continue as CEO and the NSN Executive Board will remain unchanged as a result of the transaction. The company is focused on the mobile broadband sector.
Nokia plans to continue consolidation efforts.
“While our name and brand have changed, I would like to emphasize that our overall strategy and our focus on mobile broadband remain the same,” said Rajeev Suri, CEO of NSN. “Our customers will not notice any difference in our unstinting commitment to delivering superior technology and services across the world. Today’s announcement is, however, an exciting new chapter in our transformation story."
NSN also highlighted its improved financial standing, saying improved efficiency have led to strong profitability, as shown in Nokia’s Q2 results published on July 18, 2013.
http://nsn.com/news-events/press-room/press-releases/nsn-s-new-name-spells-business-as-usual-for-mobile-broadband-powerhouse
