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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.