Mobile and Wireless

Nokia Siemens to buy LTE, CDMA assets from Nortel

By ⋅ July 15, 2009 ⋅ Email This Post Email This Post ⋅ Post a comment

Nokia Siemens Networks has signed an agreement to acquire key assets from Nortel. The agreement is being seen as a step towards strengthening Nokia Siemens Networks’ position in Long Term Evolution, or LTE, next generation wireless technology and expanding its market presence in North America.

The planned $650m acquisition, which will bring together the complementary assets of the two companies in the field of mobile radio access, is also expected to add key talent and resources to improve Nokia Siemens Networks’ existing momentum in LTE.

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