Nokia 6-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a -16 or 15d -16 of
the Securities Exchange Act of 1934
Report on Form 6-K dated February 1, 2012
(Commission File No. 1-13202)
(Name and address of registrants principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Nokia stock exchange releases dated January 25, 2012: De Longhi to acquire Nokia facility in Romania
Nokia Siemens Networks press release dated January 26, 2012: Nokia Siemens Networks renews syndicated loan facility
De Longhi to acquire Nokia facility in Romania
Espoo, Finland and Treviso, Italy Nokia Corporation, a global leader in mobile communications, and De Longhi SpA, a global leader in household appliances, today announced that they have agreed terms for De Longhi to acquire Nokias production facility in Cluj, Romania, subject to approvals by the relevant authorities.
The transaction is expected to be finalized during the first quarter of 2012 and the parties have agreed to keep the terms confidential.
De Longhi plans to make the facility a key part of its development strategy, aimed at supporting its fast-growing international presence. The facility will also enable De Longhi to adapt and diversify its production network so as to partly rebalance its manufacturing structure from the Far East to Europe, where De Longhi already operates a plant in Italy.
After announcing its plans in September 2011 to end manufacturing in Cluj and focus feature phone production in locations closest to suppliers and key markets, Nokia has been active in seeking potential buyers for the facility in close consultation with the relevant authorities in Romania.
Robert Andersson, senior vice president at Nokia, who led the discussions, said: As we assessed the interest in our facility, Nokia was determined to find a major investor with clear plans for growth and committed to creating jobs here in the immediate future. De Longhi was the ideal candidate in both respects and we are really pleased to have been able to secure the future of the facility so quickly.
Since ending production in Cluj in November 2011, Nokia has continued to support impacted employees with a number of proactive measures, including financial support and assistance with retraining and job search.
About De Longhi
For more information: http://www.delonghi.com
available to us or stored in or through our products; 19) our ability to successfully manage costs, including our ability to achieve targeted costs reductions and to effectively and timely execute related restructuring measures, including personnel reductions; 20) our ability to effectively and smoothly implement the new operational structure for our businesses; 21) the development of the mobile and fixed communications industry and general economic conditions globally and regionally; 22) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as certain other currencies; 23) our ability to protect the technologies, which we or others develop or that we license, from claims that we have infringed third parties intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and services; 24) our ability to protect numerous patented standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 25) the impact of changes in government policies, trade policies, laws or regulations and economic or political turmoil in countries where our assets are located and we do business; 26) any disruption to information technology systems and networks that our operations rely on; 27) unfavorable outcome of litigations; 28) allegations of possible health risks from electromagnetic fields generated by base stations and mobile products and lawsuits related to them, regardless of merit; 29) our ability to achieve targeted costs reductions and increase profitability in Nokia Siemens Networks and to effectively and timely execute related restructuring measures; 30) Nokia Siemens Networks ability to maintain or improve its market position or respond successfully to changes in the competitive environment; 31) Nokia Siemens Networks liquidity and its ability to meet its working capital requirements; 32) whether Nokia Siemens Networks is able to successfully integrate the acquired assets of Motorola Solutions networks business, retain existing customers of the acquired business, cross-sell Nokia Siemens Networks products and services to customers of the acquired business and otherwise realize the expected synergies and benefits of the acquisition; 33) Nokia Siemens Networks ability to timely introduce new products, services, upgrades and technologies; 34) Nokia Siemens Networks success in the telecommunications infrastructure services market and Nokia Siemens Networks ability to effectively and profitably adapt its business and operations in a timely manner to the increasingly diverse service needs of its customers; 35) developments under large, multi-year contracts or in relation to major customers in the networks infrastructure and related services business; 36) the management of our customer financing exposure, particularly in the networks infrastructure and related services business; 37) whether ongoing or any additional governmental investigations into alleged violations of law by some former employees of Siemens AG may involve and affect the carrier-related assets and employees transferred by Siemens AG to Nokia Siemens Networks; 38) any impairment of Nokia Siemens Networks customer relationships resulting from ongoing or any additional governmental investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; as well as the risk factors specified on pages 12-39 of Nokias annual report Form 20-F for the year ended December 31, 2010 under Item 3D. Risk Factors. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Espoo, Finland January 27, 2012
Nokia Siemens Networks renews syndicated loan facility
Nokia Siemens Networks has signed forward starting term and multicurrency revolving facilities agreement valued at 1.305bn with 15 international banks, to replace Nokia Siemens Networks existing revolving credit facility when it matures in June 2012.
The committed facilities are comprised in equal parts of a revolving credit facility maturing in June 2015 and a term loan facility that matures in June 2013. They will be used for general corporate purposes.
Nokia Siemens Networks is very pleased to have secured the strong support of an excellent group of global banks, said Marco Schroeter, chief financial officer of Nokia Siemens Networks. Given current conditions in the credit markets, securing this facility is a strong endorsement of the companys bold new strategy and restructuring plan.
The Mandated Lead Arrangers and Bookrunners are Bank of America Merrill Lynch, Barclays Capital, Citi, Credit Suisse, J.P. Morgan, Merchant Banking, Skandinaviska Enskilda Banken AB (publ), Nordea, Pohjola Bank plc, The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Standard Chartered Bank. Other participants in the facilities are Australia and New Zealand Banking Group, Banco Santander, Crédit Agricole Corporate and Investment Bank and KfW.
The facilities were signed on December 21, 2011.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland. www.nokiasiemensnetworks.com
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Nokia Siemens Networks
Phone: +44 7508 002382
Nokia Siemens Networks
PO Box 1
FI-02022 Nokia Siemens Networks
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.