Nokia Sells Mobile TV Technology Unit

By Allen Tsai | Tue Apr 21, 2009 6:20 am

Nokia, the world's top mobile phone maker, said it has sold its mobile TV unit to India-based Wipro Technologies.

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Mobile television broadcasting, the hottest upcoming feature for handsets only a few years ago, has struggled to take off.

"We wanted to focus on the consumer side of things, the mobile TV client in the devices, rather than on the business-to-business side," said a Nokia spokesman.

The mobile TV unit had 40 employees and developed software and hardware which enabled the mobile TV technology on the phone to find and access the broadcasting network.

The company has been implementing cost-cutting measures to respond to the fading demand for mobile phones amid the worldwide downturn.

Last week, Nokia reported its profits plunged 90 percent in the first quarter of 2009. It also announced plans to lay off 1,700 people worldwide.

Posted In: Mergers & Acquisitions (252) | Nokia (556)

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