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Nokia Siemens Networks said Saturday it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million (euro465 million) deal to strengthen its position in North American markets.
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NOKIA SIEMENS

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abtest

Nokia Siemens to lay off 17,000 worldwide

November 24, 2011 - 3:50am

Wireless equipment maker Nokia Siemens Networks will slash 17,000 jobs — almost one-quarter of its work force — in a move to cut annual costs by euro1 billion ($1.35 billion) by 2013, company officials...

Nokia, Siemens in deal to buy Nortel units

June 22, 2009 - 12:00am

Nokia Siemens Networks said Saturday it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million (euro465 million) deal to strengthen its position in North American markets.

Business