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That was at the end of June. In August, they spent about €2.2 billion buying out Siemens' stake in Nokia Siemens Networks. This could very well have caused so
by tanzam75 13y ago
That was at the end of June.
In August, they spent about €2.2 billion buying out Siemens' stake in Nokia Siemens Networks. This could very well have caused some short-term cash flow issues. Which also explains Microsoft's offer to finance Nokia at extremely low interest bonds.
Long-term, NSN is generating positive cash flow and ought to be able to pay for itself.