NewNet picks up Nokia Siemens’ WiMAX business

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A week after announcing plans to cut 17,000 jobs as part of a restructuring, Nokia Siemens Networks said today that it was selling off the WiMAX assets it acquired from Motorola Solutions to NewNet.

Those WiMAX assets were acquired earlier this year for $1.2 billion and included Motorola Solutions’ CDMA assets.

The NewNet deal, which is expected to close by the end of the year, includes all related assets, active customer and supplier contracts, and about 300 NSN employees. Many of the employees are based in Chicago and Hangzhou, China. Financial terms of the deal were not released.

As part of its restructuring plan, NSN said it would focus its efforts on mobile broadband equipment, which apparently does not include WiMAX technology. NSN recently was included in an announced trial of LTE services across London with Telefonica’s O2, as well as garnering a network upgrade contract in Finland from TeliaSonera.

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About Author

Dan Meyer

Editor-in-Chief, Telecom Software, Policy, Wireless Carriers
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Dan Meyer started at RCR Wireless News in 1999 covering wireless carriers and wireless technologies. As editor-in-chief, Dan oversees editorial direction, reports on news from the wireless industry, including telecom software, policy and wireless carriers, and provides opinion stories on topics of concern to the market such as his popular Friday column “Worst of the Week.”

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