Feeds

Nokia flogs off WiMAX biz

Old tech goes to NewNet

Bridging the IT gap between rising business demands and ageing tools

Nokia Siemens Networks has sold its WiMAX business to NewNet Communications, handing 300 staff and the WiMAX portfolio to the company, which is a division of Skyview Capital.

Both NewNet and Skyview described themselves as excited by the opportunities in WiMAX, and delighted to be taking on the staff, product portfolio and customer base of Nokia Siemens Networks, with the deal expected to be completed by the end of the year. Much of that business originated with Motorola when NSN bought the networking part of that company for a sum just shy of a billion dollars in May, though it promptly scaled back the WiMAX operation as part of the 1,500 layoffs following that acquisition. Neither company is saying how much NewNet is shelling out for the remaining WiMAX bits.

To the mobile network operators, who make up NSN's customer base, WiMAX is a dead technology. Even the early US champion – and NSN customer – Clearwire is migrating towards the widely supported Long Term Evolution (LTE) standard, and aspirations for national WiMAX networks have already faded to the point of illegibility. But despite that WiMAX will live on, both in legacy deployments and in vertical markets, where interoperability isn't the primary consideration... but those aren't the markets where NSN wants to play, so the selloff makes strategic sense.

It also gets rid of 300 staff, mostly in Chicago and Hangzhou, which can only help towards the 17,000 layoffs the company is planning in the hope of turning its ongoing losses into a profit, or at least stemming the tide. That's about a third of its staff, prompting every employee to glance left and right in the hope of seeing someone else who'll get the axe, while waiting to see in which of the 150 countries where NSN currently has operations the axe will fall hardest.

But for 300 staff who'll be working for NewNet come January, the future is clear, for the moment at least. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.