Network equipment vendor Nokia Siemens Networks (NOK, SI) said Tuesday it has closed the sale of internet protocol television ("IPTV") assets to Accenture PLC (ACN).
MAIN FACTS:
-The divestment is part of Nokia Siemens Networks' strategy to focus on mobile broadband and services.
-A total of 17 employees are joining Accenture from Nokia Siemens Networks.
-The transaction does not include the Nokia Siemens Networks' Belgacom related IPTV assets.
-Selected smaller IPTV customers are out of scope of this transaction. Nokia Siemens Networks is working closely with these customers to identify the best possible way forward on a case by case basis.
-Terms of the transaction were not disclosed.
-Write to Dominic Chopping at dominic.chopping@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Copyright © 2012 Dow Jones Newswires
