Nokia Siemens to sell business support systems
Mobile telecoms equipment joint venture Nokia Siemens Networks said on Wednesday it plans to sell its business support systems business to Redknee as part of a drive to sell non-core assets.
The companies said Redknee will pay 15 million euros ($19.63 million), plus a maximum of 25 million euros for “performance-based cash earn-outs.”
Nokia Siemens on Monday had announced an agreement to sell its optical fiber unit.
The company, owned by Nokia and Siemens, has sold a number of product lines since it announced plans last year to sell non-core assets and cut 17,000 jobs, nearly a quarter of its total workforce.
- Qlik to Power Sitel's Big Data Initiative
- Cognitive Computing: An Essential Science In HR
- CXOs Are Capitalizing On APIs To Boost Business: Study
- Network Visibility: How To Diffuse The IT Blame Game
- Twitter Names Sriram Krishnan As Senior Director Of Product
- Cloud Momentum Consistently Up Across Financial Biz Apps
- Microsoft's Cloud Focus Leads To Thousands Of Job Cuts
- Nokia, Xiaomi Announce Multi-Year Patent And Equipment Deal
- Telcos Leveraging IoT To Gain An Edge
- 3 Ways Businesses Can Block Ransomware