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Nokia Siemens (NOK, SI) continues to shed non-core assets as part of its downsizing. The latest...

Nokia Siemens (NOK, SI) continues to shed non-core assets as part of its downsizing. The latest is its business support systems unit, which it has agreed to sell to telecom billing software firm Redknee for €15 ($19.6M) + €25M ($32.7M) in performance-based payouts. NSN announced a deal to sell its optical networking business earlier this week. (previous)
Comments (5)
  • WhatdoIknow1
    , contributor
    Comments (661) | Send Message
     
    Sometimes parting a car out makes more for you than selling the whole that nobody wanted. That might not be what they're doing here but a lot of small pieces have been dropping off.

     

    That's one thing I like about Elop's plan. KISS- keep it simple stupid.
    It also eliminates alot of private intercorporate kingdoms within Nokia. It's a builders plan.

     

    Long Nokia
    5 Dec 2012, 11:12 AM Reply Like
  • stealthology
    , contributor
    Comments (312) | Send Message
     
    Do these selloffs this qtr directly help this quarter's earnings, or is it spread out for multiple future quarters?
    5 Dec 2012, 12:39 PM Reply Like
  • akoshi
    , contributor
    Comments (88) | Send Message
     
    i think nokia has made it clear they want to be profitable as soon as possible
    5 Dec 2012, 12:48 PM Reply Like
  • godalmightee13
    , contributor
    Comments (527) | Send Message
     
    NSN being made to be fitter ah ,, then maybe a demerger or sale of NSN, then NOK could be purchased by Microsoft,,, just a thought' ive had for a while.
    5 Dec 2012, 03:49 PM Reply Like
  • Evert1985
    , contributor
    Comments (11) | Send Message
     
    Why should Nokia be purchased by Microsoft? Maybe a few months ago that was still a possibility, but now that it becomes more and more clear that Nokia's future is very bright the chance that they will be purchased by another firm is highly unlikely.
    6 Dec 2012, 06:09 AM Reply Like
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