(NOK) Nokia Sells Modem Unit to Renesas
The world’s largest mobile phone manufacturer, Nokia Corp. (NOK) announced plans to sell its wireless modem business to Renesas Electronics of Japan for $200 million with the intention of forming a strategic alliance to further develop modem technologies. The deal is expected to be completed in the fourth quarter of 2010. Faced with competition from China, [...] (NOK) Nokia Sells Modem Unit to Renesas
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