Nokia Siemens (NOK, SI) has agreed to sell its optical networking business, which has struggled...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia Siemens (NOK, SI) has agreed to sell its optical networking business, which has struggled to cope with tough competition and weak carrier capex, to P-E firm Marlin Equity Partners. One analyst estimates the deal, which affects 1,900 employees, could be worth €200M ($261M), depending on the patents involved. NSN has been busy slashing jobs and selling off product lines (I, II, III) this past year. The company's operating profit saw a €410M Q/Q improvement in Q3.