Ericsson To Purchase Nokia Siemens Network BSS Unit

Posted on Sep 4 2012 - 7:10am by Editorial Staff

Nokia Siemens Networks 300x139 Nokia Siemens Network Raises 1.2 Billion Euros Loan

Dow Jones Newswires reported Monday that Ericsson is in pole position to buy the business support systems (BSS) unit of rival Nokia Siemens Networks (NSN). Reuters citing sources familiar with the situation stated that the unit was among assets NSN was considering selling, but not confirmed a deal was imminent. The company said November that it will cut around 17,000 jobs in a bid to save 1 billion ($1.4bn) by the end of 2013. There are no words on when the deal going to happen, but it will be somewhere near soon although U.S. telecoms equipment maker Amdocs is also interested in the BSS unit, which provides billing and charging systems for telecoms operators.

(Image Source: NSN logo)

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