NSN completes sale of Belgacom IPTV assets

In a move which finalises its departure from the IPTV business, Finnish telecoms equipment vendor Nokia Siemens Networks (NSN) has closed the sale of certain IPTV assets to Belgian telco Belgacom for an undisclosed amount.

The transaction was first mooted last June, and follows yesterday’s announcement that NSN is selling all its other IPTV-related assets to US consultancy Accenture.

As part of this final transaction, Belgacom was granted a perpetual IP license on the IPTV software, and a total of 23 NS employees will be joining Belgacom.

The agreement is intended to allow Belgacom to respond to customer needs more quickly, and to more frequently release unique and compelling entertainment products, services and applications.

Nokia Siemens Networks today again cited its intention to focus on mobile broadband solutions and services as reason for its exit from the IPTV industry.

The company has posted some dizzying quarterly losses over the past year, and has been forced to cut over 10,000 jobs already this year as it seeks to refocus activities.

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