On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
62° Feels Like: 62°
Wind: W 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 56°

Tomorrow

Isolated Thunderstorms 80°

Fri Night

Mostly Clear 56°

Alerts

Nokia Siemens to sell business support systems

HELSINKI (Reuters) - Mobile telecoms equipment joint venture Nokia Siemens Networks said on Wednesday it plans to sell its business support systems business to Redknee as part of a drive to sell non-core assets.

The companies said Redknee will pay 15 million euros ($19.63 million), plus a maximum of 25 million euros for "performance-based cash earn-outs."

Nokia Siemens on Monday had announced an agreement to sell its optical fiber unit.

The company, owned by Nokia and Siemens, has sold a number of product lines since it announced plans last year to sell non-core assets and cut 17,000 jobs, nearly a quarter of its total workforce.

($1 = 0.7642 euros)

(Reporting By Jussi Rosendahl. Editing by Jane Merriman)

Comments