US-based telecom infrastructure company Adtran reportedly plans to acquire Nokia Siemens Networks? (NSN) fixed line broadband access business.
The planned acquisition, through an asset sale and purchase agreement, would include the broadband access, intellectual properties, technologies and the established customer base, both the companies said in a joint statement.
Up to 400 people, including engineering, research and development, sales and professional services employees, are expected to be transferred to Adtran globally, it added.
The transaction is expected to close by the end of April, after the completion of a consultation process with certain employees and their representatives, finalisation of transition services agreements and closing conditions.
