Tech Notes: Nokia Siemens in talks to sell assets: CEO
Written by Bloomberg
| Updated: Feb 28 2012, 08:48am hrs
Nokia Siemens Networks, the phone equipment venture between Nokia and Siemens, is in talks with potential buyers of its non-core assets, CEO Rajeev Suri said. Nokia Siemens, which competes with Ericsson and Alcatel-Lucent as well as Chinese vendors such as Huawei Technologies, expects more divestments after it sold three divisions last quarter to refocus its business on mobile broadband, Suri said at the Mobile World Congress in Barcelona. We are already negotiating with buyers to sell some assets, Suri said in an interview. We are taking other assets into maintenance mode, shifting investments out into other segments. Ericsson is not interested in the buying assets Nokia Siemens has put up for sale, as it focuses on organic growth, Hans Vestberg, CEO of the Stockholm-based rival, said at the Mobile World Congress. Our main strategy is organic growth. We want to grow with our research and development, Vestberg said. We are always looking around for different types of assets, but today I dont have any interest in that portfolio, he said. Nokia Siemens voice-over-internet-protocol unit called perfect voice, carrier ethernet, fixed narrowband and business support systems are among assets the Espoo, Finland- based company is looking for acquirers, CEO Suri said.