Nokia Siemens Networks has long been eager to shed as much weight as it can (unfortunately, including some staff) in a bid to turn around a business full of legacy hardware. The next on the chopping block, however, is a big one: the optical networking division. NSN has struck a deal to sell the fiber-focused group to Marlin Equity Partners and spin it out as a separate company. While the price of the deal isn't public, we're glad to hear that the 1,900 workers affected by the shift should keep their jobs if the agreement closes as promised, in early 2013. NSN chief Rajeev Suri makes no bones about the handover's goal -- it's to let his company concentrate on LTE and other thriving businesses while giving the optical group a second chance through Marlin's investment, if all goes well. We're left with an NSN that's considerably smaller than what we knew from its glory days, but it could be worth the hurt pride if the company stays standing.
Continue reading Nokia Siemens Networks sells off its optical business, swings focus to LTE
Filed under: Wireless, Networking, Mobile
Source: GigaOM
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ycnVuHx68HE/
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