NSN sheds WiMAX biz it bought from Motorola
Deal sells off the unit to NewNet Communications as the beleaguered vendor starts to shed assets and focus on what it believes are its biggest opportunities.
Let the divesting begin!
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Nokia Siemens Networks, a week after a restructuring that cut 17,000 jobs and promised to refocus on core markets (CP: Nokia Siemens to slash 17,000 jobs), today said it is selling its WiMax business unit to NewNet Communications Technologies.
That’s the same unit it just acquired from Motorola last year, in rosier times (CP: Nokia Siemens-Motorola integration begins).
NewNet gains NSN’s WiMax product portfolio and customers as well as about 300 employees based in suburban Chicago and Hangzhou, China. The sale price was not disclosed.
While mobile broadband is a key area of focus for Nokia Siemens, clearly WiMAX is not, as that technology in the past year has fallen behind LTE as the 4G technology of choice for most operators.
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