Nokia Siemens Networks (NSN), one of the world’s largest telecoms equipment vendors and a stalwart of the IPTV industry, has formally agreed to sell its IPTV software and skills to New York-based consulting company Accenture, following a series of vertiginous quarterly losses.
The newly-acquired IPTV software, assets and capabilities are to be integrated with the Accenture Video Solution – a software product and a suite of services that enables companies to launch new over-the-top TV and services quickly and economically while reducing the initial costs of IT and infrastructure set-up.
Joined together, these solutions are expected to create a comprehensive, feature-rich video software and services platform for video service providers and their subscribers.
Nokia Siemens Networks has been one of the biggest names in the IPTV industry for many years, but – along with contemporaries such as Alcatel-Lucent, Ericsson and others – has been racking up some heavy losses amid difficult trading conditions in many markets.
The Finland-based company has reduced its headcount by around 10,000 since the end of 2011, and could lose potentially another 7,000 if trading conditions do not improve.
The latest round of job cuts brings the total layoffs to 40,000 since 2010, and in combination with other money-saving initiatives, should see operating costs fall from €5.25bn in 2010 to around €3bn this year.