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.
Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.