Nokia Siemens Networks (NSN) said it will sell its optical...
Nokia Siemens Networks (NSN) said it will sell its optical networking unit to Marlin Equity Partners, in another effort to cut costs and refocus on wireless broadband. The deal will “give both businesses the opportunity to concentrate investment and strategic…
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focus on their core segments,” NSN said in a news release. The company did not release financial details of the transaction (http://xrl.us/bn4oe9). Marlin’s purchase of the optical networking business may not mean the firm intends to turn it around, research firm Ovum said Monday. “Competition in the market is keen; margins are under constant pressure,” said Dana Cooperson, leader of Ovum’s network infrastructure telecoms team in a statement. “Competitors will take advantage of this ownership change and related confusion to gain any advantage in NSN’s accounts. Marlin’s goal may be to sell the optical business to another vendor, for example Juniper Networks."