Nokia Solutions and Networks will be one of the three businesses Nokia will run after Microsoft"s deal closes.
Monday evening brought the surprise announcement that Microsoft was indeed going to purchase at least part of its long running Windows Phone partner Nokia. The $7.17 billion cash deal will mean that Nokia will sell its smartphone hardware business to Microsoft, among other things. However, Microsoft didn"t pay to acquire all of Nokia.
Yes, the Finland-based company will still be around when and if Microsoft closes the deal in the first quarter of 2014. So what will Nokia be like after that date? the company"s press release states that Nokia will still have 56,000 employees after the transfer of 32,000 team members to Microsoft is completed and will operate three business divisions.
One of the three businesses that Nokia will run is Nokia Solutions and Networks, or NSN. The telecommunications equipment division was recently a joint venture between Nokia and Siemens but Nokia bought Siemens" stake in the company just a few weeks ago for 1.7 billion euros, or about $2.2 billion.
Nokia will also keep its HERE mapping and location section, which is used in the Nokia Maps apps in its Windows Phone devices. Finally, Nokia will still have its Advanced Technologies business, which the company claims will continue to expand its patents holdings while also working on new projects in "connectivity, sensing and material technologies, as well as web and cloud technologies."
Source: Nokia | Image via Nokia