Nokia Networks has taken over key parts of the wireless network business of Panasonic System Networks Company Limited (PSN) in Japan.
Under the deal announced last July, Panasonic has handed over its LTE/3G wireless base station system business for mobile operators and related wireless equipment system business. The deal includes fixed assets, more than 300 employees and relevant contracts from Panasonic to Nokia Networks. Financial terms were not disclosed.
Nokia Networks said the acquisition enhances its existing mobile broadband capabilities and strengthens its market share for base station systems and related wireless equipment in Japan.
