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December 12, 2011 01:22 pm GMT
ADTRAN this morning announced that it is to acquire Nokia Siemens Networks' fixed line Broadband Access business, all associated services and network management solutions, intellectual properties, technologies and the established customer base. Financial terms of the acquisition were not disclosed.The news comes right after Nokia Siemens Networks announced that it would be laying off 17,000 people worldwide before the end of 2013. At the time, the company outlined plans to focus on mobile broadband and services, and that it would be actively divesting, selling or putting in maintenance mode business units that it considers non-core to this new 'strategy'.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bUI7M3sZm7w/
ADTRAN Buys Nokia Siemens Networks Fixed Line Broadband Access Business (400 People)
ADTRAN this morning announced that it is to acquire Nokia Siemens Networks' fixed line Broadband Access business, all associated services and network management solutions, intellectual properties, technologies and the established customer base. Financial terms of the acquisition were not disclosed.The news comes right after Nokia Siemens Networks announced that it would be laying off 17,000 people worldwide before the end of 2013. At the time, the company outlined plans to focus on mobile broadband and services, and that it would be actively divesting, selling or putting in maintenance mode business units that it considers non-core to this new 'strategy'.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bUI7M3sZm7w/
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