Nokia Siemens Selling WiMax Business to NewNet
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.
Samsung Buys RCS Messaging Provider
Samsung today said it has acquired NewNet Communication Technologies, a Canadian company that provides rich communication services (RCS) infrastructure. NewNet offers standards-based RCS tools that allow phone makers and network operators to deploy advanced messaging services, such as group chats, multimedia support, and enhanced calling.
Nokia Networks to Acquire Eden Rock
Nokia Networks today announced its intent to acquire Eden Rock Communications for an undisclosed sum. Eden Rock pioneered self-organizing networks (SON) technology for mobile broadband operators.
Microsoft Prepared to Cut More Jobs
Microsoft is planning to announce a new round of layoffs as early as today, reports the New York Times. Many of the cuts will target employees in Microsoft's hardware group, such as the smartphone unit it bought from Nokia in 2014.
Sony to Buy Toshiba's Camera Sensor Business
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.