November 30, 2011 11:57 pm EDT

Nokia Siemens Networks looks to unload WiMax division onto NewNet Communication

WiMax expansion isn't exactly all the rage as of late, and so it comes as no surprise that Nokia Siemens Networks is shedding itself of the extraneous baggage. Following its recent whopping round of layoffs, the move is a continuation of the company's efforts to bring stability to its bottom line. NewNet Communication Technologies has agreed to bring the castoff WiMax technologies into its fold, along with approximately 300 NSN employees -- all for an undisclosed price -- in a deal that's expected to be finalized before year's end. A full press release follows the break.

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Nokia Siemens Networks looks to unload WiMax division onto NewNet Communication originally appeared on Engadget on Wed, 30 Nov 2011 18:57:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/11/30/nokia-siemens-networks-looks-to-unload-wimax-division-onto-newne/

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