Nokia buys base station energy solutions start-up
- Wall Street dips as investors ready for Trump's inauguration
- Western Union (WU) Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586M in Settlement
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- Apple (AAPL) PT Raised to $140 at BofA/Merrill Lynch; iPhone 8 Will be 'Super-Long' Cycle
- Morgan Stanley Upgrades Tesla Motors (TSLA) to Overweight
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
HELSINKI (Reuters) - Telecoms network maker Nokia said on Wednesday it had acquired Eta Devices, a U.S.-based start-up specializing in power amplifier efficiency solutions for network base stations.
"Eta Devices will bolster Nokia's push to enhance base station energy efficiency, an increasingly important area for operators on the path to 4.9G and 5G," the company said in a statement.
Financial terms of the deal were not disclosed.
Eta Devices is a private start-up founded in 2010. The company is headquartered in Cambridge, Massachusetts, in United States, and has a research and development office in Stockholm, Sweden.
(Reporting by Tuomas Forsell; editing by Niklas Pollard)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Senior U.S. spy, diplomats leaving despite being asked to stay on
- Bankers expect Britain to back Brexit transition calls
- Argentina Jewish center briefly evacuated after false bomb threat
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!