NSN sells fixed-line Broadband Access business to ADTRAN

ADTRAN, a provider of next-generation networking solutions, announced today that it plans to acquire, through an asset sale and purchase agreement, the Nokia Siemens Networks (NSN) fixed line Broadband Access business (BBA), 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 this 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 NSN into its customer propositions, broadening ADTRAN’s business opportunities.

The planned transaction is expected to close by the end of April 2012 subject to the completion of a consultation process with certain employees and their representatives, finalisation of transition services agreements and customary closing conditions.

Terms of the deal with respect to the amount ADTRAN is set to pay NSN were not disclosed.