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
Location
Finland
Transaction Type
Addon

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.