Telecom Lead Europe: Nokia Siemens Networks has decided
not to sell microwave transport assets in Italy, including its employees, to
DragonWave.
This is part of the revised agreement between DragonWave
and Nokia Siemens.
As per the amended agreement, R&D, product management
and sales support services will be provided to DragonWave to enhance the
ability of the DragonWave to continue to deliver on critical customer
deliveries.
Though assets in Italy are not part of the new agreement,
China is included. The acquisition of the business in China is expected to be
formally completed in the second half of 2012, once all of the licenses and
permissions to do so are in place. Employees of Nokia Siemens Networks based in
Shanghai would transfer to DragonWave at that time.
The amended agreement enables DragonWave to become the
preferred strategic supplier of packet microwave and related products to Nokia
Siemens and the two companies are to jointly coordinate technology development
activities.
