Nokia Siemens close to selling BSS unit: Bloomberg

Nokia Siemens Networks (Helsinki, Finland) is close to selling its Business Support Systems (BSS) unit, according to a press report from Bloomberg.

The division has attracted interest from Ericsson (Stockholm, Sweden), Amdocs (Chesterfield, USA) and a number of private-equity companies, according to unnamed individuals with knowledge of the matter, reports Bloomberg.

The sources claim the business could fetch as much as €300 million.

Nokia Siemens Networks (Helsinki, Finland) is close to selling its Business Support Systems (BSS) unit, according to a press report from Bloomberg.

The division has attracted interest from Ericsson (Stockholm, Sweden), Amdocs (Chesterfield, USA) and a number of private-equity companies, according to unnamed individuals with knowledge of the matter, reports Bloomberg.

The sources claim the business could fetch as much as €300 million.

“As we announced in November, Nokia Siemens Networks believes that the future of our industry is in mobile broadband and we are intensifying our strategic focus on that area,” said Ben Hunt, a Nokia spokesman, in a statement emailed to Bloomberg.

Hunt declined to comment on the BSS unit but told the newswire that “business areas not consistent with the new strategy are planned to be divested or managed for value, and we have already announced the divestment of a number of these businesses.”

With operators reducing their expenditure on network rollouts, Nokia Siemens has been forced into some dramatic cost-cutting measures.

Earlier this year it announced plans to reduce its workforce by around 17,000 jobs by the end of next year.

Its rivals are also struggling. Alcatel-Lucent (Paris, France) last month unveiled plans to slash 5,000 jobs from its payroll after reporting a disappointing set of quarterly results, while Chinese vendors Huawei (Shenzhen, China) and ZTE (Shenzhen, USA) have also booked declining profits in recent weeks.

A sale of the BSS unit would be the latest in a sequence of divestments by Nokia Siemens.

In June, it sold its microwave transport business to DragonWave (Ottawa, Canada), while in May it completed the sale of its fixed-line broadband access business to Adtran (Huntsville, USA).