Nokia buys base station energy solutions start-up
- Amazon, health stocks weigh on S&P, Nasdaq; Chevron lifts Dow
- ExxonMobil (XOM) Tops Q3 EPS by 5c; CapEx Light of Views
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
- AbbVie (ABBV) Tops Q3 EPS by 1c; Boosts FY16 EPS Outlook
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
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
- Wall Street broker-dealer profits in 2016 to exceed last year's: watchdog
- Vote on Ivory Coast's new constitution may not heal old wounds
- China warns India against Dalai Lama border visit
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!