Nokia Siemens Networks is to sell its microwave transport business, including its associated operational support systems (OSS) and related support functions, to Canadian mobile backhaul vendor DragonWave, which will become Nokia Siemens' preferred supplier of packet microwave and related products.
Under the acquisition agreement the two companies will also jointly coordinate technology development activities. They hope to complete the transaction in early 2012.
In a joint statement the two companies said: "Following the proposed acquisition, Nokia Siemens Networks would retain responsibility for its existing solution sales and associated services for microwave transport, while DragonWave would be responsible for the product line, including R&D, product management and operations functions."
"Through this strategic relationship, customers would continue to receive high-quality services and sales support from Nokia Siemens Networks, while DragonWave's best of breed products would ensure they have access to industry leading technology," said Marc Rouanne, head of Network Systems, Nokia Siemens Networks. "Our intention is to capitalize on DragonWave's proven capabilities for innovative product development and focus on our end-to-end solutions."
(C) itwire.com
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