ADTRAN business acquires Nokia Siemens Networks for the production of wired broadband equipment

ADTRAN Company announced today that it plans to acquire through asset sales and the signing of the agreement to purchase the business of Nokia Siemens Networks for the production of wired broadband equipment (BBA) and related professional services and network management solutions. The planned acquisition will include intellectual property rights of broadband access technologies and existing customer base.

Under the proposed transaction, approximately 400 people, including engineers, developers, managers and professionals will move to the state of ADTRAN.

According to plans, this transaction should be completed by April next year, subject to completion of the consultation process with some employees and their representatives, and other necessary procedures required in such situations.