Nokia Siemens to Cut 1,000 Jobs in Germany as Key Contract Expires (NOK) (SI)

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Nokia Siemens to Shutter 'Unprofitable' German Services Unit by End of FY13

December 5, 2012 7:26 AM EST

Following up on a news item reported Tuesday, more confirmation is out today on Nokia Siemens Networks shuttering its German unit.
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Nokia Siemens to Sell Optical Networks Business to Marlin Equity Partners (NOK) (SI)

December 3, 2012 6:14 AM EST

Nokia Siemens Networks -- a joint venture of Nokia Oyj (NYSE: NOK) and Siemens AG (NYSE: SI) -- and Marlin Equity Partners announced today that they had reached an agreement for Nokia Siemens Networks to sell its Optical Networks business unit to Marlin Equity Partners in a deal that would result in the unit being established as an independent company with the goal of becoming a leading provider in the optical market.

The planned transaction is another step in the transformation of Nokia Siemens Networks into a mobile... More