NSN exits WiMAX again with NewNet sale
Offloads the unit it acquired with Motorola to focus on LTE mobile broadband
Published: 30 November, 2011
Just days after Nokia Siemens announced a major refocusing on its core mobile broadband business, it has revealed its latest divestment - of its activities in WiMAX, the platform which once hoped to be the basis of that mobile broadband revolution.
It was taken over by LTE, however, with NSN's early decision to back away from WiMAX one factor in that outcome. The firm regained a WiMAX unit when it acquired Motorola Solutions' networking assets this year, but it will now sell that division to NetNet Communications. This is the second recent sell-off - DragonWave acquired the company's microwave backhaul business last month.
NewNet gains NSN's WiMax product portfolio and customers as well as about 300 employees based in Chicago and Hangzhou, China. The sale price was not disclosed.
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