Nokia Siemens NSN Unit to Close, Zynga & Synacor Make Deal: Tech Business Roundup
NSN Services, a division of Nokia Siemens Networks (NYSE:NOK)(NYSE:SI), could be shut down because a crucial contract with Deutsche Telekom (DTEGY.PK) will not be extended, according to two inside sources on Tuesday, who added that such a closure would be announced on Wednesday at an employee meeting in Kassel. NSN brings in less than €100 million, or $130.7 million, in yearly sales and employs about 1,000 who ensure that calls and data are transmitted by means of overhead cable networks. Deutsche Telekom sold the business to NSN some five years ago.
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Zynga (NASDAQ:ZNGA) reaches an arrangement with Synacor (NASDAQ:SYNC) that could lend it access to millions of cable and telecom subscribers. The latter is a tech firm that supplies authentication services, along with Web-based TV solutions, and with this deal, it will offer Zynga games to 45 cable, satellite and telecom companies. Beginning in 2013, Synacor’s customers will be permitted to offer their subscribers access to games from their homepages as well.
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