Nokia Siemens Selling WiMax Business to NewNet
Nov 29, 2011, 10:17 AM by Eric M. Zeman
Nokia Siemens Networks today announced that it is selling its WiMax business to NewNet Communications. Under the terms of the agreement, NewNet will acquire all of NSN's WiMax products, services, employees, and other assets for an undisclosed sum. NewNet provides wired and wireless networking products, and would gain about 300 Chicago-based employees from NSN. The companies expect the deal to close by the end of 2011. Nokia Siemens Networks is looking for ways to reduce costs, and recently announced plans to cut 17,000 employees from its payroll, as well as freeze some business units.
Comments
No messages

iPhone 15 Series Goes All-In on USB-C and Dynamic Island
Samsung S24 Series Adds More AI, Updates the Hardware
iPhone 16 Brings More Features to All Price Points, Including New Camera Control
Samsung Puts its Best Camera Yet in the Galaxy S23 Ultra
Motorola Gets Serious About Foldables with New RAZR Lineup



