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mschere

04/05/05 4:20 PM

#101023 RE: olddog967 #101019

Good observation..Either Nokia has the RIGHT to assign their 2G/3G license for a particular technology or not is subject to an actual review of their license contract with IDCC.But it is a FACT that Nokia has licensed 2g/3G TETRA with IDCC and in order to sell this Division to EADS for $116 Million..its ability to pass the smell test has been approved by EADS during their DD...It is no coincidence that this transaction has been announced after 3/31/05!

As you say Nokia is licensed for TETRA. All the licenses that are available for review have some type of "Personal Agreement" clause which only allows a transfer at IDCC's discretion. I assume Nokia's is the same. I t will be interesting to see how this works out.



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mschere

04/05/05 4:24 PM

#101025 RE: olddog967 #101019

HELSINKI : The European Aeronautic Defence and Space Company could buy Finnish mobile phone giant Nokia's Professional Mobile Radio (PMR) unit in an attempt to expand its share of the global homeland security market, the two companies said.

The deal, which would call for the 325 employees in the Nokia unit to be transferred to EADS, would aim to increase the European company's position "in homeland security systems and mission critical secure wireless communications," the companies said in a statement.




"We are convinced of the benefits this move brings to our customers," vice president of the Nokia unit Matti Peltola said in the statement.

The negotiations between the two companies were characterized as "advanced," with the acquisition expected to be completed by the end of this year if it receives all necessary regulatory approvals.

The two companies did not reveal how much money would change hands if the purchase went through, but Finnish news agency FNB reported that the deal could be worth 90 million euros (116 million dollars).