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Monday, 3 December 2012 - Nokia Siemens to sell optical networks unit |
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See the best of Reuters photography.  See more | Photo caption  Surrealism of Sandy The altered landscape in the aftermath of Sandy.  Slideshow  Photos of the week Our top photos from the past week.  Slideshow  Sponsored Links Nokia Siemens to sell optical networks unit Tweet Share this Email Print Related News German stocks - Factors to watch on December 3 2:48am EST Osram to cut 4,700 jobs after spin-off from Siemens Fri, Nov 30 2012 Nokia Siemens to close Bruchsal plant in Germany Thu, Nov 29 2012 BlackBerry maker RIM loses patent dispute with Nokia Wed, Nov 28 2012 Ericsson sues Samsung for patent infringement Tue, Nov 27 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » The logo of the telecommunications services company Nokia Siemens Networks is pictured on top their office in Berlin October 9, 2012. Credit: Reuters/Fabrizio Bensch FRANKFURT | Mon Dec 3, 2012 9:02am EST FRANKFURT (Reuters) - Mobile telecoms equipment joint venture Nokia Siemens Networks, which is focusing on its core business, is to sell its optical fiber unit to Marlin Equity Partners for an undisclosed sum. Up to 1,900 employees, mainly in Germany and Portugal, will be transferred to the new company, NSN said on Monday. The company, owned by Nokia and Siemens, has sold a number of product lines since it last year announced plans to divest non-core assets and cut 17,000 jobs, nearly a quarter of its total workforce. Nordea Markets analyst Sami Sarkamies said he expected more divestments after the optical unit deal. This disposal was a small surprise, he said, because NSN needed some optical technology - where data is transmitted by pulses of light - for its main mobile broadband business. The move may hint the company is preparing itself for further consolidation in the sector by cutting overlaps with other players, Sarkamies said. The telecom equipment market is going through rough times with stiff competition. French Alcatel-Lucent is also cutting costs. ($1 = 0.7689 euro) (Reporting by Harro ten Wold; Editing by Greg Mahlich and Dan Lalor) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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