NSN chief says no more bailouts

The chief executive of Nokia Siemens Networks (NSN), the world’s second-largest maker of mobile phone network equipment, has warned employees NSN can not expect any more money from its parent companies, a German magazine reported yesterday. Parents Nokia and Siemens have provided capital “for the last time” and expect this investment will provide results, Spiegel reported, citing a copy of a letter sent from Rajeev Suri to NSN’s 9,000 employees in Germany.