Nokia buys US-based SAC Wireless

HELSINKI, July 2 Wed Jul 2, 2014 9:49am EDT

HELSINKI, July 2 (Reuters) - Finnish telecommunications gear maker Nokia said on Wednesday it would buy U.S. -based SAC Wireless, which installs wireless network equipment.

SAC Wireless, based in Schaumburg, Illinois, has roughly 450 employees and has worked with major telecom operators, Nokia said in a statement.

Nokia said that the acquisition would help Nokia win market share in network implementation. It did not reveal the purchase price.

(Reporting by Sakari Suoninen)

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