Nokia Siemens to Sell One Business Unit, Close Another
Nokia Siemens Networks has made a number of significant strategic moves in the last several days as its hones its focus on its core 4G smartphone strengths. First, Nokia Siemens today announced its intent to sell its business support systems unit to Redknee. Redknee is paying just under $20 million for the business unit. Nokia Siemens also confirmed that it plans to shut down its Germany-based network operations and management services business. The network management business weighed heavily on Nokia Siemens' bottom line. The closure means about 1,000 people will lose their jobs. Earlier this week, Nokia Siemens Networks agreed to sell off its fiber optic business unit. Nokia Siemens Networks hopes that these changes will help it remain competitive in its core cellular networking business.