Reuters: Accenture buys Nokia Siemens IPTV assets
NSN are getting a little bit of cash from Accenture who are buying IPTV assets to launch video services companies at a low cost.
17 NSN employees would transfer over to Accenture. Another deal with Belgacom would mark the exit of Nokia Siemens from IPTV business. Belgacom is also expected to acquire certain IPTV assets and approximately 25 NSN employees.
Source: Reuters
Cheers Viipottaja for the tip!
Category: Nokia
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Wow, we have gradually achieve our aim
When you are in the MS Corporate world I think Accenture and MS are closely connected.
It might be their sub division , like Navtech is to Nokia.
Already we are considering breaking up Nokia cos the move we plan is not making any financial sense.
Look closely on maps.nokia.com. The right reserved are to both Nokia and Microsoft.
We are buying Nokia small and small right under everyone’s nose.
I think Nokia Maps swallowed alot of Bing’s data , thus the microsoft rights .
Symbian dropped
Meego dropped
Meltemi dropped
Qt sold
Vertu sold
Factories closed
NSN sold
WHATS COMIN NEXT ELOP????
NSN sold?
Iptv dep. jay
That’s quite a bit different to the whole of NSN.
The question remains
WHATS COMIN NEXT ELOP????
Hopefully more good news like this. IPTV was only a burden on Nokia. Thanks NSN for finally focusing on the core business and making things profitable.
divesting
But you forgot
Nokia buys Smarterphone
Nokia buys Scalado
Nokia licenses mapping solution to Microsoft, Oracle Amazon, BMW,Mercedes Mercedes
All Under Elop
“Nokia connecting IP to some else.”
Nokia is becoming less and less relevant.
Not according to the news.
“Nokia is becoming less and less relevant.”
You wish.
so selling IP makes it more relevant? NOKIA is becoming nothing more than an OEM.
I am talking about Nokia as a whole and how it is NOT becoming less relevant. The view of Nokia now and one year ago is that they matter.
Looking at Engadget as an example, where Symbian/Nokia never made much prominence, there’s a whole tab at the very top saying “Nokia Lumia”. I think Nokia is slowly (perhaps too slow) shedding their image of old disposable bricks and actually a genuinely great alternative to the ‘other’ popular phones.
@Jay
And it only cost the modest sum €3.9 billion so far, and an assortment of other troubles (that I will spare you the enumeration
).
That’s probably why we don’t see eye to eye on the subject: you seem to give too much weight to the blogosphere echo chamber in comparison to what’s happening in the “real” world, and it’s not pretty for Nokia right now. Said in an non antagonistic manner.
Well, your real world is a reflection of that echo chamber years later. I seem to give too much weight, perhaps you don’t give it enough attention.
It’s a reflection of decisions taken with putting too much weight to the echo chamber and not enough to market forces and realities, IMO.
It’s quite possible. One cannot know for sure, can one? What I do know, is that prominence with the likes of Engadget hasn’t paid the Nokia bills so far.
No, not directly.
What ever it takes to keep the WP ship on float.
The question is, where they even using it and how much did they get? I can’t think of any profits reported from that division where there?
Hope they ditch the dividend until a few years in profitability.
I see Apple is ending Ping. Its good Nokia is getting something for iptv rather than just ending it.
Lol.
So, if Accenture bought into NSN amd gained 12 employees, and Nokia transfered a sizable number of Symbian specialized employees to Accenture as an effort to outsource Symbian (as to not break cobtract with Microsoft) does this,ean Accenture is acting as a kind of Holdings firm? Assets that Nokia can’t use ATM, but might have use in the future? Because this sounds like the money just went in a big loop.
The contract with MS does not require Nokia to out source Symbian , nor to stop using it.
How do you know? Have you seen the contract?
Having negotiated various multimillion dollar contracts myself and dealt with commercial lawyers I am quite sure the contract Nokia has with MS does not ban the usen of Symbian and most likely of any other OS either. It DOES most likely, however, commit Nokia to using WP a certain number of years and to certain minimum licensing fees etc.
They were on a 2 year deal for WP IFIRC
And that deal will be up before ypu know it. And Elop could be out sooner. I hope not though. I wish for all the hardship tp payoff. Maybe some eemployees will get their jobs back.
In other words, you don’t know that, you are just assuming that Elop and board wouldn’t be such idiots as to commit Nokia to one smartphone OS vendor. Given what we know now, that seems to be really big assumption.
What’s funny that regardless of what is in the contract and what exactly “primary smartphone platform” means, Elop consciously planned to commit Nokia exclusively to WP anyway and then he executed the plan. In such circumstances it would actually make sense to include the exclusivity in the contract and try to extract some concessions from MS. But then, that assumes Elop wanted to get any concessions from MS in the first place…
You are free to think whatever you like. However, Since you don’t know either, I will stick to my thinking – as I said based on my experience -that Nokia and its lawyers stuck to a more conventional commercial approach and typical legal due diligence, positioning and covenants in the agreement.
Oh dear. Here we go again. People are really not getting Nokia’s strategy at all! Why are you complaining, when Nokia is focusing on the core assets and actions?
IPTV never took off, and it was only a dead weight on Nokia’s shoulders. It is an excellent thing that NSN also is transforming to a more agile company. Before you complain about every move Nokia makes, try to find a rational reason behind those actions, before stating that Nokia is doing this because of Microsoft, or other total nonsense. MS has nothing, I mean nothing to do with NSN.
NSN has been a money-lossing-machine for years (years before Elop or MS deal) and recently we have seen the first glimpse of the true value of this company. It is the leader in 4G/LTE technology, in which they are heavily focusing.
Excellent job NSN, keep up the good momentum!
more good news, i hope nokia got paid well or at least gets some royalties,