Nokia in wireless network deal with Panasonic

Jul 31, 2014

(AP)—Finnish wireless equipment maker Nokia says it has a preliminary agreement to acquire part of the wireless network business of Japan's Panasonic Corp.

No financial value for the deal was given.

Nokia said Thursday that the two companies aim to finalize the deal by September and close it by the end of the year.

The deal covers the base station operations of Panasonic System Networks Co. Ltd., including equipment for wireless control systems.

Nokia Corp. said the deal will boost the market share of its networks unit, a major provider of the next generation 4G , particularly in the Japanese market.

Explore further: Nokia profits rise after sale of handset division

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Nokia profits rise after sale of handset division

Jul 24, 2014

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

T-Mobile picks Ericsson, Nokia Siemens for network

May 08, 2012

(AP) -- T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.

Nokia Siemens to buy Motorola wireless gear unit

Jul 19, 2010

(AP) -- Motorola Inc. said Monday that it is selling most of its wireless network division to Nokia Siemens Networks, a Finnish-German joint venture, for $1.2 billion as part of a planned breakup of the company.

Recommended for you

What's PayPal's first solo move?

45 minutes ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

5 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

9 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0