Nokia to buy part of Panasonic’s network business
2 Aug 2014 5:05 AM IST
‘Nokia Networks has entered into a memorandum of understanding to acquire part of the wireless networks business of Panasonic System Networks Company Ltd,’ Nokia said in a statement on Thursday.
The agreement covers Panasonic's mobile phone (LTE/3G) wireless base station system business for mobile operators and related wireless equipment system business, it said in the statement.
The two firms plan to conclude the agreement by the end of September this year, with expected closure scheduled on 1 January, 2015, subject to customary closing conditions, including regulatory approvals.
The agreement covers Panasonic's mobile phone (LTE/3G) wireless base station system business for mobile operators and related wireless equipment system business, it said in the statement.
The two firms plan to conclude the agreement by the end of September this year, with expected closure scheduled on 1 January, 2015, subject to customary closing conditions, including regulatory approvals.
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