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(Reuters) - Mobile network equipment maker Nokia Siemens Networks is in talks with various companies to sell its business support systems (BSS) unit, its chief executive said, as it looks to ditchsome product lines and focus on mobile broadband.
business support systems : 业务支撑系统
Formed by Nokia and Siemens in 2007, Nokia Siemens has struggled for profitabilitydue to pricing pressure from Chinese rivals ZTE Corp and Huawei Technologies Co Ltd and Sweden's Ericsson in a broad economic downturnthat has crimped spending by telecoms companies.
struggle for :为...奋斗
economic downturn :经济不景气
Overall spending by telecom operators is expected to be flat this year, CEO Rajeev Suri said in Bangalore on Tuesday, although Nokia Siemens sees "some rebound"in investments by customers in the United States in the current second half.
To improve profitability, Nokia Siemens is selling non-core units and laying off about a quarter of its staff.
lay off :解雇
"I would say overall we have about six divestmentsthat already took place," Suri told reporters. "They're either not core to our mobile broadband or we see that the profitability is not where we want it to be."
The company has sold off its network equipment for wired networks and exited the market for WiMax, a wireless technology that has failed to win as much support among carriers as Long Term Evolution (LTE).
sell off :低价出售
Earlier this month, Ericsson was reported to be in pole position to buy Nokia Siemens' BSS unit, which provides billing and charging systems for telecoms operators.
pole position :起跑领先位置;杆位
Suri said the group's restructuring was on track, with the company about six months ahead of its plans. He expects headcount in India to increase after the restructuring, as the company scales up its offshoreservices capabilities in the country. The company currently has around 10,000 staff in India, plus another 5,000 contractors.
on track :步入正轨
scale up :按比例增加
The restructuring seems to be paying off with Nokia Siemens generating positive cash flow for three straight quarters, and Suri expects that to be sustainable.
pay off :取得成功
cash flow :资金流动
"We've taken out significant amount of headcount already, we're on track in the business line divestiture as well. As I said, we have a couple more (divestments) to go, but we're on track there as well." |