goetzpartners advised Nokia Siemens Networks on the sale of its Business Support Systems division to Redknee
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.