Nokia Siemens Networks says it will sell its business support systems (BSS) unit as part of its ongoing effort to divest assets that are not part of its core mobile broadband network equipment business. Late last year, NSN said that it will cut 17,000 jobs by the end of 2013, and this week CEO Rajeev Suri said that the company has already sold six business units.
Suri told reporters that several potential purchasers are interested in NSN’s BSS unit, which helps network operators manage billing. Ericsson is a rumored buyer, but has not confirmed its interest. The unit is reportedly valued at around $385 million.
Nokia Siemens Networks is a joint venture formed in 2006 by Finland’s Nokia (NOK) and Germany’s Siemens AG (SI). This week’s news of the planned BSS divestiture has boosted the stock prices of both of NSN’s parent companies.
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