NSN is selling its business support systems (BSS) unit to Redknee for $52 million. NSN has coughed up its wireline, software and support equipment businesses over the last year in its effort to reshape itself as an LTE infrastructure specialist. Read more »
A private equity firm will pick up the optical business for an undisclosed amount, relieving NSN of one its last remaining ties to wireline networking. NSN’s focus on 4G appears to paying off. In the last year, it’s won key contracts and turned record profits. Read more »
The Journal Register newspaper chain has filed for bankruptcy for a second time, which some say means its “digital first” vision is flawed. But all it really means is that the kind of transformation required for the newspaper business will be measured in decades. Read more »
Following numerous reports that News Corp is thinking of spinning off its publishing operations, the company issued a short statement that it is “considering a restructuring to separate its business into two distinct public companies.” Read more at paidContent »
When T-Mobile USA laid off thousands of workers in March, it wasn’t quite done handing out the pink slips. On Tuesday T-Mobile said it would enter into its next phase of restructuring, which means more layoffs on top of 1900 cuts it has already made. Read more »
With its executive reshuffling this week AT&T returned to a structure that more accurately reflects where its businesses are heading. The wireless juggernaut that drives most of AT&T’s revenues in now firmly in the hands of former consumer CEO Ralph de la Vega. Read more »
With no more money from its corporate parents forthcoming and few remaining businesses to sell, Nokia Siemens Networks has gone to European and U.S. banks for the funding it needs to restructure and survive. Will $1.6 million be enough to set it on course? Read more »
We’re hearing that Cisco is shutting down Eos, a social publishing platform aimed at media and entertainment companies, as part of its ongoing restructuring efforts. While Eos was by all accounts a cool service, shuttering it is a smart move from a strategic perspective. Read more »
Fuel cell developer Medis Technologies has become the latest cleantech company to lay off workers in these tough economic times, saying today that it’s cutting 50 employees at its Israeli office. That’s about 30 percent of the New York-based company’s workforce. Medis, which is one of […] Read more »
