Sunday, January 22, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sues Qualcomm Over Patent Royalties
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, April 05, 2005
Nokia to sell mobile radio business to EADS


Nokia announced Tuesday (April 5) that it was on the verge of selling its Professional Mobile Radio business to the aerospace and defense systems supplier European Aeronautic Defense and Space Company

a move that would create a global player in the homeland security systems and secure wireless communications solutions market.

An Associated Press report said Nokia would sell is mobile radio business to France-based European Aeronautic Defense and Space Company, also known as EADS, for $116 million (90 million Euro). The company, which has over 130 customers in 56 countries, employs over 110,000 and generated revenue of 31.8 billion Euro ($43.3 billion)in 2004.

Under the proposed sale, 325 Nokia employees would be transferred to EADS, which would also gain infrastructure and terminals based on Nokia's TETRA infrastructure and terminals.

"This move enhances EADS' position in the global homeland security sector. Together, Nokia's TETRA and our TETRAPOL technologies create an excellent foundation for next generation solutions for mission-critical communications ," said Stefan Zoller, chief executive of EADS Defense and Communications Systems (DCS). "We see a global market potential in this field, of over EUR 10 billion within the next five years. By having the main technology platforms in our portfolio, we will be able to offer our customers innovative solutions, and serve their evolving needs."

The deal is expected to be completed by the year's end.


Previous
Next
Dual-core chips help graphics apps        All News        NVIDIA nForce4 SLI on Intel-Based PCs
Samsung introduces 3D game phones with vibration     Mobiles News      'Body talk' could control mobiles

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia Rumored To Develop Own "Viki" Mobile Digital Assistant
HMD's Nokia 6 Smartphone Set For Release In China
Nokia OZO Partners with Youku to Create and Distribute 3D 360 VR Content
Nokia Files More Suits Against Apple
Nokia Sues Apple For Infringement of Nokia Patents
HMD Launches The Nokia 150 Phones
Nokia D1C Specs Leak
Nokia Brand Licensee HMD Global Is Officially The Home of Nokia Phones
Nokia, HP, Rumored To Release New Smartphones in 2017
Nokia Phones To Reborn In India Next Year, Hon Hai to Manufacture Them
Ex-Rovio CEO To Bring New Nokia Phones To Market
Nokia Buys Withings To Connect People to Better Health

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .