Espoo, Finland, December 2012. Nokia Siemens Networks, the world’s specialist in mobile broadband, has signed an agreement to sell its Business Support Systems division to Redknee (TSX: RKN.TO), a Canada-based leading provider of business-critical billing and charging software and solutions for communications service providers. goetzpartners acted as M&A advisor to Nokia Siemens Networks.
The divestment is another step towards the transformation of Nokia Siemens Networks into a mobile broadband specialist. “Both Redknee and Nokia Siemens Networks have a reputation for high quality and customer commitment, which provides a common foundation for Redknee to build the BSS business in the future. We will work with Redknee to ensure a smooth transfer of the business and to provide some mobile broadband specific elements of the BSS portfolio to our customers.” said Rajeev Suri, CEO at NSN.