Last $36.79 USD
Change Today -0.22 / -0.59%
Volume 11.7M
As of 4:15 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
McClatchy-Tribune  07/05/2014 4:03 AM ET
Nokia Networks acquires US-based SAC Wireless [Mint, New Delhi :: ]

July 05--MUMBAI -- Global data networking and telecom equipment company Nokia Networks, formerly Nokia Solutions and Networks (NSN), has entered into an agreement to acquire US-based SAC Wireless, a provider of infrastructure and network deployment solutions.

While the deal size was not disclosed, Nokia Networks expects to close the transaction in the third quarter of 2014, subject to customary closing conditions, including regulatory approvals. The transaction is expected to bring clear revenue synergies, Nokia said.

Ricky Corker, executive vice-president of North America for Nokia Networks, said, "Once the transaction has been completed, it will help us increase market share in the network implementation space, in terms of bringing enhanced quality and increased end-to-end delivery efficiency to our customers."

"As we continue to build an even stronger foundation for our US services business, we see great opportunities to help our customers address the tough challenges of network deployment. These range from indoor/outdoor small cells, distributed antenna systems, 4G LTE upgrades, and solving backhaul connectivity and bandwidth issues," said Jorg Erlemeier, vice-president of North America Market Services for Nokia Networks.

In April, Nokia sold its devices business to Microsoft for $7.2 billion. However, the company is locked in a tax dispute with the Indian government over its Chennai factory assets, which were not merged with Microsoft.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HPQ:US $36.79 USD -0.22

Industry News

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HEWLETT-PACKARD CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.