YOU ARE AT:Network InfrastructureNokia sells modem business to Renesas Electronics

Nokia sells modem business to Renesas Electronics

Nokia Corp. (NOK) has completed the sale of its wireless modem business to Renesas Electronics, the company reported. The unit was responsible for the development of Nokia’s wireless modem technologies for LTE, HSPA and GSM.
The sale and transfer of nearly 1,100 employees highlights the Finnish company’s ongoing transition away from core technology and infrastructure hardware businesses. Terms of the deal, which was first announced on July 6, were not disclosed.
Japan-based Renesas Electronics came together last April through the combination of NEC Electronics Corp. and Renesas Technology Corp.

ABOUT AUTHOR

Matt Kapko
Matt Kapko
Former Feature writer for RCR Wireless NewsCurrently writing for CIOhttp://www.CIO.com/ Matt Kapko specializes in the convergence of social media, mobility, digital marketing and technology. As a senior writer at CIO.com, Matt covers social media and enterprise collaboration. Matt is a former editor and reporter for ClickZ, RCR Wireless News, paidContent and mocoNews, iMedia Connection, Bay City News Service, the Half Moon Bay Review, and several other Web and print publications. Matt lives in a nearly century-old craftsman in Long Beach, Calif. He enjoys traveling and hitting the road with his wife, going to shows, rooting for the 49ers, gardening and reading.