Nokia Siemens Networks (NSN) signed "forward starting term and multicurrency revolving facilities agreements" worth EUR 1.3 billion with 15 international banks, replacing a credit facility that matures in June this year. As
previously reported, half of the funding will come in the form of a revolving credit facility maturing in June 2015 and a term loan facility maturing two years earlier. The deal was signed on 21 December and is thought to cover a major business restructure and
NSN’s significant redundancy programme.