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
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.
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