* Up to 1,900 workers to be transferred
* Deal to close in Q1 2013
* Sales come as NSN seeks 1 bln euros in cost savings
(Adds analyst comment, background)
FRANKFURT, Dec 3 Mobile telecoms equipment joint
venture Nokia Siemens Networks, which is focusing on
its core business, is to sell its optical fibre unit to Marlin
Equity Partners for an undisclosed sum.
Up to 1,900 employees, mainly in Germany and Portugal, will
be transferred to the new company, NSN said on Monday.
The company, owned by Nokia and Siemens
, has sold a number of product lines since it last
year announced plans to divest non-core assets and cut 17,000
jobs, nearly a quarter of its total workforce.
Nordea Markets analyst Sami Sarkamies said he expected more
divestments after the optical unit deal. This disposal was a
small surprise, he said, because NSN needed some optical
technology - where data is transmitted by pulses of light - for
its main mobile broadband business.
The move may hint the company is preparing itself for
further consolidation in the sector by cutting overlaps with
other players, Sarkamies said.
The telecom equipment market is going through rough times
with stiff competition. French Alcatel-Lucent is also
($1 = 0.7689 euro)
(Reporting by Harro ten Wold; Editing by Greg Mahlich and Dan