Nokia Networks completes transfer of wireless network business acquired from Panasonic


In line with the announcement made on July 31, 2014, Nokia Networks has now completed the business transfer of a part of the wireless network business of Panasonic System Networks Company Limited (PSN) in Japan.

As originally stated, this includes the transfer of fixed assets, employees and relevant contracts from Panasonic to Nokia Networks.

Will improve efficiency and quality control for product development and R&D The agreement covers Panasonic’s mobile phone wireless base station system business for mobile operators and related wireless equipment system business. This acquisition enhances Nokia Networks’ existing mobile broadband capabilities and is expected to reinforce and further improve efficiency and quality control for product development and R&D, as well as strengthen its market share for base station systems and related wireless equipment in Japan.

Ashish Chowdhary, Chief Business Officer at Nokia Networks, said: “With this acquisition, Nokia Networks will single-handedly contribute towards the domestic and overseas business of Japan’s operators, and also benefit from synergies in terms of efficient product operations and focused R&D efforts. Furthermore, this acquisition also provides us with the opportunity to tap the potential of the Carrier Mobile System market – a key focus area for our business in Japan.”

With proven base station technology, along with an industry-leading portfolio and strong footprint in the Carrier Mobile System Market, Panasonic is one of the most trusted brands in Japan’s telecommunications landscape.