Selasa, 06 Juli 2010

Nokia sells wireless modem business to Renesas in bid to refocus

Nokia just announced a $200M-ish deal to sell its wireless modem business to Japan's Renesas Electronics Corporation. The deal is part of a broader alliance to develop HSPA+ and LTE modem technologies while working together to research future radio technologies. Per the agreement, Nokia will transfer its wireless modem technologies for LTE, HSPA and GSM standards, "certain" related patents (interesting in light of the Apple lawsuits), and about 1,100 Nokia R&D staff to Renesas, the majority of whom are located in Finland, India, the UK, and Denmark -- assuming regulatory approval of course, something the two expect to receive by the end of the year. Why now? Well, according to Kai Oistamo, Executive Vice President at Nokia, "The alliance enables us to continue to focus on our own core businesses, connecting people to what matters to them with our mobile products and solutions." Sounds like somebody's slimming down in preparation for a fight.

P.S. Though the 'Shop above only shows a Nokia USB modem, the agreement goes much deeper to cover the modem technologies used inside billions of Nokia handsets. So yeah, this is a fairly significant change of direction for Nokia.

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