Ericsson may buy Nokia Siemens unit: Report
Ericsson, the world’s top mobile network
infrastructure supplier, is in pole position to buy the business support
systems (BSS) unit of rival Nokia Siemens Networks (NSN).
STOCKHOLM: Ericsson, the world’s top mobile
network infrastructure supplier, is in pole position to buy the business
support systems (BSS) unit of rival Nokia Siemens Networks (NSN), Dow Jones
Newswires reported on Monday.
In addition to Ericsson, US telecoms equipment
maker Amdocs is also interested in the BSS unit, which provides billing and
charging systems for telecoms operators, Dow Jones quoted a source familiar
with the matter saying.
A source familiar with the situation told
Reuters the unit was among assets NSN was considering selling, but could not
confirm a deal was imminent.
Ericsson and NSN, a joint venture between
Nokia Oyj and Siemens AG, declined to comment. Amdocs was not immediately
available for comment.
NSN is in the middle of a slimming program
that will also cut 17,000 of the group’s workforce – or almost a quarter of the
total – in an effort to improve its finances.
Sweden-based Ericsson has been expanding
rapidly in BSS and operations support systems (OSS), last year buying Telcordia
in the United States for $1.1 billion.
A recent survey by consultancy Gartner ranked
Ericsson top globally by revenues in OSS and BSS services, including sales
acquired with Telcordia.
NSN made a profit of 27 million euros on a
non-IFRS basis in the second quarter on sales of 3.3 billion.
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