Nokia Siemens sells broadband business

It was announced today that CN Tetragen has acquired the complete Expedience portfolio, assets, and the active customer and supplier contracts. A new company called Nexpedience Networks will operate the Expedience assets. “With this acquisition, we are in a good position to ensure continuity for the manufacturing of the Expedience technology while developing a solid roadmap for its future. We are extremely committed to achieving this,” said Kiriako Vergos, chairman and CEO of CN Tetragen. “We believe our customers will benefit from the greater focus, scale and concentration on Expedience that CN Tetragen can offer,” said Stephan Scholz, head of divestment projects for Network Systems, Nokia Siemens Networks. “The divestment is part of Nokia Siemens Networks new strategy where we’ll focus on mobile broadband and services.”