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NewNet to acquire Nokia Siemens’ Wi-Max business

NewNet Communication Technologies, LLC, a Skyview Capital, LLC portfolio company, announced today that the company plans to acquire the former Motorola Solutions' Wi-Max business from Nokia Siemens Networks.


November 30, 2011  


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NewNet Communication Technologies, LLC, a Skyview Capital, LLC portfolio company, announced today that the company plans to acquire the former Motorola Solutions’ Wi-Max business from Nokia Siemens Networks.

Under the terms of the agreement, NewNet would purchase the complete Wi-Max product portfolio, the related employees and assets, as well as active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees would transfer to NewNet.

The companies expect the deal to close before December 31, 2011.

Many of the effected employees are based in suburban Chicago and Hangzhou, China

Specific terms of the transaction were not disclosed.