Nokia buys base station energy solutions start-up
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- After-Hours Stock Movers 12/08: (FNSR) (AVGO) (GLPG) Higher; (XTLY) (RH) (DLTH) Lower (more...)
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium 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
- U.N. urges Myanmar's Suu Kyi to visit country's divided northwest
- African governments urged to help 3.5 million people uprooted from their homes in 2015
- Climate refugees in South Asia need protection, advocates say
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!