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Nokia Siemens seeing good buyer interest for unit - CEO
September 13, 2012 / 11:06 AM / in 5 years

Nokia Siemens seeing good buyer interest for unit - CEO

NEW DELHI (Reuters) - Mobile network equipment maker Nokia Siemens Networks is seeing “good interest” from potential buyers for its business support systems (BSS) unit, chief executive Rajeev Suri said on Thursday.

A red traffic light is seen next to the German headquarters of Nokia Siemens Networks in Munich January 31, 2012. REUTERS/Michael Dalder

Formed by Nokia and Siemens in 2007, Nokia Siemens is in the middle of a cost-cutting plan, which includes laying off a quarter of its staff and selling product lines to focus on mobile broadband.

Ericsson, the world’s top mobile network infrastructure supplier, was reported to be the front runner to buy the unit, which provides billing and charging systems for telecoms operators.

Suri declined to provide details on how many companies Nokia Siemens was talking to regarding the sale and did not comment on whether it was in talks with Ericsson.

Reporting by Devidutta Tripathy; Editing by Sunil Nair

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