Nokia Siemens Networks (NSN) has announced it has agreed to sell its WiMAX business to NewNet Communication Technologies, a provider of solutions for next generation mobile and fixed line networks owned by US investment firm Skyview Capital. Under the terms of the agreement, NewNet will acquire the complete WiMAX product portfolio, the related employees and assets, as well as active customer and supplier contracts. ‘The addition of the WiMAX business would enhance the breadth of NewNet’s product portfolio, R&D capabilities, customer relationships and our overall market position in providing wireless infrastructure solutions to carriers on a global basis
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OVETEL NSN sells WiMAX unit to NewNet
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