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.
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.
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.
Uber Buys Some of Microsoft's Bing Assets
Uber has agreed to acquire about 100 engineers and other assets from Microsoft's Bing product. Specifically, Uber will take possession of Bing's "product image collection activities," according to TechCrunch.
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.