Nokia on Wednesday said Nokia Solutions and Networks will be the new name for Nokia Siemens Networks.
The company’ short name will continue to be NSN.
Nokia says it has completed the acquisition of Siemens’ 50 percent stake in Nokia Siemens Networks. Nokia has 100 percent stake in Nokia Solutions and Networks.
The transaction was originally announced on July 1, 2013.
Though Nokia Solutions and Networks will be the new name, NSN’s website has not changed the brand and name.
Nokia Solutions and Networks, mobile broadband company, is wholly owned by Nokia and will continue to be consolidated by Nokia.
After buying 50 percent stake from Siemens, there will be no change in the leadership of the mobile broadband solutions provider.
Rajeev Suri continues as CEO and Jesper Ovesen continues as executive chairman of the NSN Board of Directors.
There will be no change in the strategies of the new look NSN.
NSN renewed its commitment to driving leadership in the mobile broadband sector and to operating as a more independent entity.
“Today’s announcement is an exciting new chapter in our transformation story. 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.
Earlier, Nokia stated its intention to continue to strengthen the company as a more independent entity. NSN, therefore, sees continuity and stability as major goals in the change of ownership, and is committed to pressing on with its strategy.