Ericsson to acquire Nokia Siemens Networks business units?
04 September 2012 | Kavit Majithia
Leading global vendor Ericsson is reportedly set to acquire the Business Support Systems (BSS) unit of rivalling company Nokia Siemens Networks (NSN).
The Dow Jones newswire reported late yesterday that Ericsson was one of two parties interested in acquiring the BSS unit, with US equipment maker Amdocs also interested in making the investment.
It is thought NSN is considering selling the unit, but the company declined to comment on whether any deal was imminent. All rumoured parties involved with any potential deal were unavailable to comment.
As part of a streamlining strategy, NSN will cut 17,000 of its workforce, a quarter of its total in an effort to improve its financial position and the sale of its BSS unit could further aid that.
Ericsson made significant investment in its BSS and operations system last year, after it acquired Telcordia in the US for $1.1 billion.
24m | Alan Burkitt-Gray
35m | Jason McGee-Abe
17 August 2018 | Jason McGee-Abe
17 August 2018 | Alan Burkitt-Gray