Nokia Siemens wins $7 bln US deal

Nokia Siemens Networks (NSN) has won an eight-year contract worth more than $7 billion in the United States, a deal analysts said could be the largest order ever placed in the mobile telecoms gear industry.

Under the agreement, NSN will build and operate a high-speed wireless network for Harbinger Capital Partners' new LightSquared venture.

The deal, which is still subject to final approval from both boards, comes a day after NSN said it would buy Motorola's telecom network equipment business for $1.2 billion.

Read Full Article from Reuters

- Posted: 2010-07-20 13:52:40

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