Nokia Siemens Sells Broadband Business to Adtran
Nokia Siemens Networks has agreed to sell its fixed line broadband access business and associated professional services and network management products to U.S.-based Adtran. As part of the deal, Adtran will acquire all of NSN's fixed broadband businesses, technologies, and customers. It will also assume control over 400 NSN employees, ranging from engineers, to researchers, sales, and professional services. Adtran will use the acquisition to expand its business and global reach. Terms of the deal were not disclosed, and the companies expect it to close by April 2012. NSN recently sold its WiMax business and announced plans to lay off some 17,000 employees during a massive reorganization.