Nokia 2007 Annual Report Download - page 207

33. Subsequent events (Continued)
Trolltech
On January 28, 2008, Nokia and Norwaybased software provider Trolltech ASA announced that they
have entered into an agreement that Nokia will make a public voluntary offer to acquire a 100%
ownership interest in Trolltech which offer has thereafter commenced. Trolltech is a recognised
software provider with worldclass software development platforms and frameworks. Completion of
the acquisition is subject to customary closing conditions, including acceptance by shareholders
representing more than 90% of the fully diluted share capital and the necessary regulatory approvals.
For its recently completed fiscal year ended December 31, 2007, Trolltech reported unaudited
revenues, net loss, total assets and shareholders’ equity of NOK 218 million (EUR 27 million),
NOK 38 million (EUR 5 million), NOK 210 million (EUR 26 million) and NOK 120 million (EUR 15 million),
respectively.
Apertio Ltd.
On January 2, 2008, Nokia Siemens Networks announced the acquisition of a 100% ownership interest
in the UKbased subscribercentric network specialist Apertio Ltd for approximately EUR 140 million.
Apertio is a leading provider of open realtime subscriber data platforms and applications built
specifically for mobile, fixed, and converged telecommunications operators. The acquisition of Apertio
closed on February 11, 2008. The Group is in the process of evaluating the Apertio acquisition and
expects to finalize the PPA during 2008.
34. Principal Nokia Group companies at December 31, 2007
Parent
holding
%
Group
majority
%
US Nokia Inc. ....................................................... — 100.0
DE Nokia GmbH ...................................................... 100.0 100.0
GB Nokia UK Limited .................................................. — 100.0
KR Nokia TMC Limited ................................................. 100.0 100.0
CN Nokia Telecommunications Ltd ....................................... 4.5 83.9
NL Nokia Finance International B.V. ...................................... 100.0 100.0
HU Nokia Komárom Kft ................................................ 100.0 100.0
IN Nokia India Pvt Ltd ................................................ 100.0 100.0
ES Nokia Spain S.A.U.................................................. 100.0 100.0
BR Nokia do Brazil Technologia Ltda ..................................... 100.0 100.0
IT Nokia Italia S.p.A. ................................................. 100.0 100.0
NL Nokia Siemens Networks B.V. ........................................ — 50.0
(1)
FI Nokia Siemens Networks Oy ......................................... — 50.0
DE Nokia Siemens Networks GmbH & Co KG................................ — 50.0
IN Nokia Siemens Networks Pvt. Ltd. .................................... — 50.0
Associated companies
Symbian Limited — 47.9
(1)
Nokia Siemens Networks B.V., the ultimate parent of the Nokia Siemens Networks group, is owned
approximately 50% by each of Nokia and Siemens and consolidated by Nokia. Nokia effectively
controls Nokia Siemens Networks as it has the ability to appoint key officers and the majority of
the members of its Board of Directors, and accordingly, Nokia consolidates Nokia Siemens
Networks.
F64
Notes to the Consolidated Financial Statements (Continued)