0
General

Nokia Siemens CEO confirms talks to sell BSS unit

Wednesday 12 September 2012 | 09:20 CET | News
Nokia Siemens Networks confirmed it is talks with several companies to sell its business-support-systems unit. The company is also looking to sell its applications business, CEO Rajeev Suri told reporters, according to a Wall Street Journal report. He declined to name the potential buyers. Suri said the company had already completed six divestments of non-core businesses, as part of its strategy to refocus on the mobile broadband market. The CEO said the company is nearly six months ahead of its restructuring plan, but declined to comment on when the exercise would be completed. He added that

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Nokia Siemens Networks
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nokia Siemens to sell BSS business to Redknee

Published 05 Dec 2012 09:59 CET | World
Nokia Siemens Networks announced a new divestment, selling its BSS business to Redknee for up to EUR 40 million. The Business ...

Accenture koopt IPTV-assets van NSN

Published 02 Oct 2012 09:32 CET | World
Accenture heeft voor een onbekend bedrag de IPTV-onderdelen van Nokia Siemens Networks (NSN) overgenomen. Met de aankoop wil ...

Nokia Siemens sells IPTV assets to Accenture

Published 02 Oct 2012 08:36 CET | World
Accenture has acquired the software and skills of Nokia Siemens Networks' IPTV activities. Terms of the transaction were not ...

Ericsson leads bids to buy NSN BSS unit - report

Published 04 Sep 2012 08:54 CET | World
Ericsson is leading the race to acquire the business support systems unit of Nokia Siemens Networks, a person familiar with the ...

Nokia Siemens in talks to sell BSS business - report

Published 30 Aug 2012 08:49 CET | World
Nokia Siemens Networks is in advanced talks to sell its business support systems business, people with knowledge of the matter ...

Nokia Siemens revenues, opg margin down in Q2

Published 19 Jul 2012 12:34 CET | World
Nokia Siemens Networks reported second-quarter sales down 12 percent from a year earlier to EUR 3.343 billion. The lower sales ...

DragonWave acquires NSN's microwave transport business

Published 04 Jun 2012 07:09 CET | World
Canadian wireless Ethernet equipment provider DragonWave has completed the acquisition of Nokia Siemens Networks' (NSN) microwave ...

Nokia Siemens launches Verso Spin-off Fund

Published 30 May 2012 11:01 CET | World
Nokia Siemens Networks Finland has launched the Verso Spin-off Fund, and NSN is the first investor for the fund. The independent ...

DragonWave to rebrand products acquired from NSN

Published 17 May 2012 08:24 CET | World
Canadian wireless Ethernet equipment provider DragonWave plans for the expansion of its portfolio to include the products to be ...

Nokia Siemens Networks sales fall 7% in Q1, margin worsens

Published 19 Apr 2012 12:36 CET | World
Nokia Siemens Networks reported first-quarter sales of EUR 2.95 billion, down 7 percent from a year earlier and 23 percent lower ...

NSN looking to cut costs by over EUR 2 bln in 2012 - report

Published 12 Apr 2012 15:28 CET | World
Nokia Siemens Networks is looking to cut costs by over EUR 2 billion in 2012, reports the Financial Times Deutschland citing ...

NSN names Elhage as chief operating officer

Published 19 Mar 2012 05:10 CET | World
Nokia Siemens Networks (NSN) has appointed Samih Elhage as its chief operating officer. Elhage will report to the company's chief ...

Nokia Siemens outsources OSS R&D to Tieto

Published 06 Mar 2012 09:48 CET | Finland
Nokia Siemens Networks announced an agreement to outsource part of the maintenance, technical support and R&D for its mobile ...