Swedish telecoms vendor, Ericsson, is in talks to acquire the business support systems unit of Nokia Siemens Networks, according to the report from Dow Jones.
Other companies including U.S. telecom software maker Amdocs Ltd are also rumoured to be interested in acquiring the NSN unit, which helps telecom operators manage billing systems and revenue management. Ericsson is believed to be the front-runner in the process, which is in its second round.
U.S. bank Jefferies Group Inc is advising Nokia Siemens Networks on the disposal, according to a person familiar with the matter, the report added.
An internal memo seen by Dow Jones Newswires listed the systems support unit as one of several units that Nokia Siemens Networks had earmarked to be sold.
Nokia Siemens Networks has been disposing of units that it deems to be non-core during the past couple of years in a bid to focus solely on mobile broadband. Most recently, the vendor sold its microwave transport business to DragonWave, Inc.