Nokia (NYSE: NOK) confirmed to Reuters today that it has sold its enterprise-focused mobile TV unit to India-based Wipro. Terms of the deal were not disclosed.
Although mobile TV has struggled to take off, the sale of the unit does not necessarily mean that the world’s largest handset-maker has become uninterested in the sector. A Nokia spokesperson told Reuters: “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.”
The Mobile Broadcast Solutions unit had about 40 employees was more focused on the back-end. It created software and hardware which enabled the mobile TV technology on the phone to search for and access a broadcasting network.
Maybyemy stocks go up.