Nokia Siemens in talks to sell off its business unit
Nokia Siemens Networks is in talks with various companies to sell of its business support systems as the network equipment maker looks to unload noncore units and focus on mobile network equipment.
The company -- a joint venture of Finnish handset maker Nokia and Germany's Siemens formed in 2007 -- is also looking to sell its applications business, Nokia Siemens CEO Rajeev Suri told reporters today, according to a Wall Street Journal account.
"Overall, we have about six divestments that have already taken place," Suri said. These businesses "are either not core to our mobile broadband … Read more