Nokia Siemens has approved to sell its stake in Dasan Networks. Dasan Invest, Dasan TPS, Skylake and certain individual Korean investors will acquire all of Nokia Siemens 56.13 percent stake in Dasan Networks, giving the Korean investors 60.83 percent of the shares of the company. The remaining shares are held by various shareholders. This agreement enables Dasan Networks to act as an independent provider of networking services selling its products through direct sales channels in its core markets of Korea and Japan and to continue its collaboration with Nokia Siemens Networks in other markets. Nokia Siemens is planning to continue its close cooperation with Dasan Network through an original equipment manufacturer and original design manufacturer agreement.
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Nokia Siemens to vend its 51% stake in Dasan Network (South Korea)
- August 28th, 2008
- 10:58 am
