 "Accenture buys Nokia Siemens' IPTV assets")
Accenture Plc said it bought certain internet protocol television (IPTV) assets from Nokia Siemens Networks to bolster its online video capabilities. Terms of the transaction were not disclosed. Accenture said the newly acquired IPTV software, assets and capabilities will be part of its video solutions business that helps companies launch video services at a low cost.
Internet protocol television uses the same technology that powers the Internet to transmit multimedia content over telecom and cable networks.
Accenture buys Nokia Siemens’ IPTV assets to bolster online video capabilities
Nokia Siemens Networks, a 50-50 joint venture between Nokia Oyj and Siemens AG , is struggling to make a profit amid pricing competition from rivals.
Nokia Siemens, formed in 2007, is in the middle of a cost-cutting plan that includes laying off a quarter of its staff and selling certain product lines to focus on mobile broadband.
Accenture shares were up 10 cents at $70.13 on the Nasdaq on Monday. The stock touched a life high of $70.97 earlier in the session.
Reuters
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
