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.
Nokia to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.
Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.
Nokia Closes Sale of HERE Business to Car Companies
Nokia today said it has closed the sale of its HERE Maps business to a consortium of automobile manufacturers, including Audi, BMW, and Daimler. The sale leaves its telecommunications equipment unit as Nokia's core concern moving forward.
Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony.