YOU ARE AT:Network InfrastructureNokia Siemens Networks to sell BSS unit

Nokia Siemens Networks to sell BSS unit

Nokia Siemens Networks says it will sell its business support systems (BSS) unit as part of its ongoing effort to divest assets that are not part of its core mobile broadband network equipment business. Late last year, NSN said that it will cut 17,000 jobs by the end of 2013, and this week CEO Rajeev Suri said that the company has already sold six business units.

Suri told reporters that several potential purchasers are interested in NSN’s BSS unit, which helps network operators manage billing. Ericsson is a rumored buyer, but has not confirmed its interest. The unit is reportedly valued at around $385 million.

Nokia Siemens Networks is a joint venture formed in 2006 by Finland’s Nokia (NOK) and Germany’s Siemens AG (SI). This week’s news of the planned BSS divestiture has boosted the stock prices of both of NSN’s parent companies.

Follow me on Twitter.

ABOUT AUTHOR

Martha DeGrasse
Martha DeGrassehttp://www.nbreports.com
Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.