Nokia Siemens Networks will acquire the assets of LTE and CDMA Nortel
The company Nokia Siemens Networks announced that it signed with the Canadian company to purchase its Notel LTE and CDMA assets for $ 650 million With this purchase, Nokia Siemens Networks intends to consolidate its position in the North American market supply LTE and CDMA equipment, and become a leader in this region.
The transaction will affect more than 2500 employees Nortel, mainly those in the Ottawa (Canada) and Dallas (USA), and others who are in Mexico and China - all of which are expected to become Nokia Siemens Networks. About 400 people from this team will go down in the center of research and development that LTE, according to the buying side, will strengthen its position in the market for LTE, where she has worked with clients such as NTT Docomo in Japan.
Completion of the acquisition is expected to be completed in the third quarter of this year after all necessary in such cases, procedures.
The transaction will affect more than 2500 employees Nortel, mainly those in the Ottawa (Canada) and Dallas (USA), and others who are in Mexico and China - all of which are expected to become Nokia Siemens Networks. About 400 people from this team will go down in the center of research and development that LTE, according to the buying side, will strengthen its position in the market for LTE, where she has worked with clients such as NTT Docomo in Japan.
Completion of the acquisition is expected to be completed in the third quarter of this year after all necessary in such cases, procedures.
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