Nokia Sell Division Wireless Modem : Nokia prepares to sell one of the most profitable business divisions, one of which was sold a wireless modem unit. The company was forced to sell because he wanted to concentrate on the business of mobile devices.The impact of this plan, all divisions, including 1,100 employees, will be transferred to Renesas Electronics, which bought the business from Nokia modem for costing USD200 million.
PC World, the two companies has a business relationship since long. Renesas previously purchased a license some of Nokia's modem technology into their own products.
Although licensing agreements with other companies has Nokia done, but the giant has lost money on the modem division. That's because there is another company that has undermined the market, especially the Nokia still experiencing deterioration in the global handset market.
Although Nokia is still, by far, leading the sales of phones on a global scale, Namu they have lost considerable market in the United States and they plan to make the steps to return. For the latest updates PRESS CTR + D or visit Stock Market news Today
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