Nokia Siemens Networks sells IPTV assets to Accenture

Nokia Siemens Networks has closed the sale of IPTV assets to Accenture (NYSE: ACN). The divestment is part of Nokia Siemens Networks’ strategy to focus on mobile broadband and services.

A total of 17 employees are joining Accenture from Nokia Siemens Networks.

The transaction does not include the Nokia Siemens Networks’ Belgacom related IPTV assets.

Selected smaller IPTV customers are out of scope of this transaction. Nokia Siemens Networks is working closely with these customers to identify the best possible way forward on a case by case basis.

Terms of the transaction were not disclosed.

About Nokia Siemens Networks

Nokia Siemens Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.

With headquarters in Espoo, Finland, we operate in over 150 countries and had net sales of over 14 billion euros in 2011. http://www.nokiasiemensnetworks.com