NewNet to Acquire Nokia Siemens Networks' WiMAX Business
March 15, 2022
NewNet Communication Technologies, a Skyview Capital portfolio company, announced plans to acquire the WiMAX business from Nokia Siemens Networks, including the full product portfolio, related employees and assets, and active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees (many in suburban Chicago, USA and Hangzhou, China) are expected to transfer; the deal was expected to close before December 31, 2011 and terms were not disclosed.
- Buyers
- NewNet Communication Technologies, LLC, Skyview Capital, LLC
- Targets
- Nokia Siemens Networks WiMAX business
- Sellers
- Nokia Siemens Networks
- Platforms
- NewNet Communication Technologies, LLC
- Industry
- Telecommunications
- Location
- Finland
- Transaction Type
- Addon
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