Dasan Networks' ownership structure to change; global cooperation with Nokia Siemens Networks to continue.Summary: Nokia Siemens Networks Nokia Siemens Networks (NSN) is a telecommunications solutions supplier which was created as the result of a merger (by means of a 50-50 joint venture) between Siemens AG's COM division (minus its Enterprise business unit) and Nokia's Network Business Group. and Dasan Networks today announced the signing of a share purchase agreement. Upon completion of the contract, expected to be effective within the next days, Dasan Invest, Dasan TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. , Skylake Ltd, and certain individual Korean Korean, language of uncertain ancestry. It is thought by some scholars to be akin to Japanese, by others to be a member of the Altaic subfamily of the Ural-Altaic family of languages (see Uralic and Altaic languages), and by still others to be unrelated to any known investors will acquire all of Nokia Nokia (nō`kēä), town (1996 pop. 26,326), Western Finland prov., SW Finland, on Lake Näsijärvi. It is an industrial community where wood and rubber products are manufactured. Siemens Networks' shares in Dasan Networks which represent 56.13% of all the shares of the company. With the acquisition completed these Korean investors will hold 60.83% of the shares of the company. The remainder of the shares are held by various shareholders. Dasan Networks' ownership structure to change; global cooperation with Nokia Siemens Networks to continue Companies plan to continue cooperation through an Original Equipment Manufacturer agreement Nokia Siemens Networks and Dasan Networks today announced the signing of a share purchase agreement. Upon completion of the contract, expected to be effective within the next days, Dasan Invest, Dasan TPS, Skylake Ltd, and certain individual Korean investors will acquire all of Nokia Siemens Networks' shares in Dasan Networks which represent 56.13% of all the shares of the company. With the acquisition completed these Korean investors will hold 60.83% of the shares of the company. The remainder of the shares are held by various shareholders. Chief Executive Officer of Dasan Networks, Mr. Nam Nam Vietnam. NAM (US) n abbr (= National Association of Manufacturers) → nationaler Verband der verarbeitenden Industrie Min Woo, will continue in his role. Dasan Networks was founded by Mr. Nam Min Woo in 1993. Dasan Networks has been supplying broadband access See broadband and wireless broadband. equipment and services to Nokia Siemens Networks. Commenting on the agreement, Nam Win Moo, Chief Executive Officer of Dasan Networks said: "I am very pleased to have been able to sign this deal having been one of the original company founders. The share purchase agreement will support Dasan Networks' ambition Ambition Alger, Horatio author of a series of rags-to-riches stories. [Am. Lit.: Ragged Dick] Bart, Lily sacrifices her principles and her chance for love in schemes to climb the social ladder. [Am. Lit. to act as an independent provider of networking solutions selling its products through direct sales channels in its core markets of Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. and Japan while continuing its close cooperation with Nokia Siemens Networks in other markets." "The agreement will clarify our R&D and operations set-up in our business unit, complimenting Nokia Siemens Networks' strategy of building on 3rd party relations and streamlining its investments to become all the more efficient and a leader in industry profitability," said Martin LE-st, Head of the Broadband Access business unit at Nokia Siemens Networks. "Nokia Siemens Networks will maintain a solid foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in Korea, one of the leading and most technologically advanced markets in Asia, and plan to continue close cooperation with Dasan Networks through an Original Equipment Manufacturer- and Original Design Manufacturer agreement. Dasan products will remain part of broadband access solution and product portfolio and this agreement will not lead to changes in terms of customer support and contracts related to Dasan Networks' portfolio." 2008 Al Bawaba (www.albawaba.com) 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion