BGN Entrepreneur

The troubled telecoms equipment maker–Nokia Siemens Networks was forced to announce 17000 job cut in last November against a backdrop of poor corporate lending.
Though there were wide concerns within the banking community that Nokia would struggle to find sufficient finance in the difficult trading conditions, the mobile giant has still managed to raise over €1.2bn of finance from a consortium of 14 European and US banks in a vote of confidence from the lending market in the company’s strategic overhaul.

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