ADTRAN to Buy NSN Fixed Broadband Biz

ADTRAN plans to acquire, through an asset sale and purchase agreement, the Nokia Siemens Networks fixed line broadband access business and associated professional services and network management solutions. The planned acquisition would include the broadband access intellectual properties, technologies and the established customer base.As part of the planned transaction, up to approximately 400 people, including engineering, R&D, sales and professional services employees, are expected to transfer to ADTRAN globally. The agreement also includes provisions that would allow ADTRAN solutions to be incorporated by Nokia Siemens Networks into its customer propositions. The transaction is expected to close by the end of April 2012.