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Longer-term, we continue to target an investment grade credit rating, which would further affirm Nokia’s competitive strength. Planned reduction of debt-like items of the combined company by approximately EUR 1 billion in These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Nokia’s Board of Directors has conducted a thorough analysis of Nokia’s potential long-term capital structure requirements, and is today announcing plans for a two-year, EUR 7 billion program to optimize the efficiency of Nokia’s capital structure, subject to the closing of the Alcatel-Lucent and HERE transactions, as well as the conversion of all Nokia and Alcatel-Lucent convertible bonds. The operating cost synergies are expected to create a structural cost advantage and foster a corporate culture that emphasizes execution excellence. No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.
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This strong foundation would enable the long-term investments that are essential to achieve the combined company’s strategic objectives, serve the changing needs of customers and lead the next wave of technological change in the industry. This target is now subject to the closing of the transaction in the first quarter Procurement efficiencies, given the combined company’s expanded purchasing power.
Any forward-looking statements made in this release are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, us or our business or operations.
Each business group would be positioned for clear leadership in its particular market – with exceptional assets and unparalleled capabilities to accelerate industry innovation while creating long-term value comsata shareholders.
Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing. The Board of Directors also elected the members of the Board Committees.
A planned two-year, EUR 1. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Some of these forward-looking statements can be identified by terms and phrases such as “anticipate,” “should,” “likely,” comdatx “believe,” “estimate,” “expect,” “intend,” “continue,” “could,” “may,” “plan,” “project,” “predict,” “will” and similar expressions.
The information contained in this release must not be published, released or distributed, directly or indirectly, in any jurisdiction where the publication, release or distribution of such information is restricted by laws or regulations.
Planned reduction of interest bearing liabilities of the it company by approximately EUR 2 billion; and. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us.
Nokia Investor Relations Tel. Therefore, persons in such jurisdictions into which these materials are published, released or distributed must inform themselves about and comply with such laws or regulations. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. The associated comsata costs are expected to be slightly higher than EUR million, and the related cash outflow is expected to be approximately EUR million.
This stock exchange release relates to the public exchange offer by Nokia to exchange all of condata ordinary shares, American Depositary Shares “ADSs” and convertible securities issued by Alcatel Lucent for new ordinary shares and ADSs of Nokia.
Planned EUR 7 billion capital structure optimization program Following the closing of the proposed transaction, Nokia expects to have a strong balance sheet, with the financial resources to enable investments in next generation solutions and services over the long-term. The proposed exchange offer will be made only through the Exchange Alvatel Documents.
The operating cost synergies are expected to create a structural cost advantage and foster a corporate culture that emphasizes execution excellence. Nokia confirms the composition of the Board of Directors and announces the composition of the Board Committees and the new Group Leadership Team.
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The Nokia Board of Directors, for a term ending at the close of the Annual General Meeting incomprises the following members:. The Boards of Directors of Nokia and, after having received a positive recommendation by its Independent Directors Committee, the Board of Directors of Alcatel-Lucent, have unanimously approved two services agreements to implement such integration plans, which were entered into between Nokia and Alcatel-Lucent today.
Wlcatel comprehensive capital structure optimization program would focus on shareholder distributions and de-leveraging, cmodata maintaining Nokia’s financial strength. No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.
Other than the preliminary draft of the Registration Statement, the Exchange Offer Documents have not yet been filed with appropriate regulators, including the SEC. Today, Nokia announced an accelerated target of approximately EUR million of annual operating cost synergies to be achieved on a full year basis inrelative to the combined non-IFRS results of Nokia and Alcatel-Lucent for full year The Nokia Group Leadership Team comprises the following thirteen 13 members; the President and Chief Executive Officer, five 5 business group leaders and seven 7 unit leaders:.
By combining with Alcatel-Lucent, Nokia expects to create an innovation leader in next generation technology and services cimdata an IP connected world.
Espoo, Finland – Nokia today confirms the composition of the Board of Directors and announces the composition of the Board Committees and the new Group Leadership Team following the successful public exchange offer for Alcatel-Lucent securities. The exchange offer is being made only through the Exchange Offer Documents. Synergy target accelerated to EUR million in On April 15,in conjunction with the announcement of the Alcatel-Lucent transaction, Nokia announced that the combined company would target approximately EUR million of annual operating cost synergies to be achieved on a comata year basis in Alcstel reduction of debt-like items of the combined company by approximately EUR 1 billion in Nokia’s Board of Directors has conducted a thorough analysis of Nokia’s potential long-term capital structure requirements, and is today announcing plans for a two-year, EUR 7 billion program to optimize the efficiency of Nokia’s capital structure, subject to the closing of the Alcatel-Lucent and HERE transactions, as well as the conversion of all Nokia and Alcatel-Lucent convertible bonds.