Nokia to acquire part of Panasonic's wireless business

Written By Unknown on Kamis, 31 Juli 2014 | 21.43

HELSINKI: Finnish wireless equipment maker Nokia says it has a preliminary agreement to acquire part of the wireless network business of Japan's Panasonic Corp.

No financial value for the deal was given.

Nokia said that the two companies aim to finalize the deal by September and close it by the end of the year.

The deal covers the base station operations of Panasonic System Networks Co Ltd, including equipment for wireless control systems.

Nokia Corp said the deal will boost the market share of its networks unit, a major provider of the next-generation 4G wireless networks, particularly in the Japanese market.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Panasonic System Networks Co Ltd,Panasonic Corp.,Nokia Corp,Nokia


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