Tuesday, June 10, 2008

Nokia Siemens Networks Spins Out its OTN Team

Nokia Siemens Networks announced a deal with GIMV, a Belgian investment company specializing in private equity and venture capital, to spin-out its Open Transport Network (OTN) into an independent company. The newly formed company will be majority owned by GIMV and have approximately 80 employees.

Nokia Siemens Networks plans to continue to sell OTN products through direct channels and open up its Value Added Reseller network to OTN.http://www.nsn.com