July 2, 2014 / 2:00 PM / 3 years ago

Nokia buys U.S.-based SAC Wireless

The flagship store of Finnish mobile phone manufacturer Nokia is pictured in Helsinki September 7, 2012.Sari Gustafsson

HELSINKI (Reuters) - Finnish telecommunications gear maker Nokia NOK1V.HE 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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