Nokia completes acquisition of Gainspeed
(Thomson Reuters ONE) -
Press Release
August 1, 2016
Espoo, Finland - Nokia has today completed the acquisition of Gainspeed, a
California-based start-up specializing in DAA (Distributed Access Architecture)
solutions for the cable industry via its Virtual CCAP (Converged Cable Access
Platform) product line. The acquisition was originally announced June 10, 2016.
Complementing Nokia's current fiber access technoloigies for cable multiple-
system operators, Gainspeed's unique approach to DAA and innovative Virtual CCAP
solutions will further enhance Nokia's product portfolio and provide cable
operators with the end-to-end technology capabilities needed to support growing
capacity requirements today and into the future. With this acquisition, Nokia is
able to offer a turnkey solution for the cable industry that includes products
for routing, transport, wireless and analytics. Gainspeed will operate as part
of Nokia's Fixed Networks business group.
About Nokia
Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company
is at the forefront of creating and licensing the technologies that are
increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud and
the Internet of Things. www.nokia.com
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and uncertainties and certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) expectations, plans or benefits related to our strategies and growth
management; B) expectations, plans or benefits related to future performance of
our businesses; C) expectations regarding market developments, general economic
conditions and structural changes; D) expectations and targets regarding
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competitiveness, as well as results of operations; E) expectations regarding
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and divestments and our ability to achieve the financial and operational targets
set in connection with any such restructurings, investments, divestments and
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expressions. These statements are based on the management's best assumptions and
beliefs in light of the information currently available to it. Because they
involve risks and uncertainties, actual results may differ materially from the
results that we currently expect. Factors, including risks and uncertainties,
that could cause such differences include, but are not limited to: 1) our
ability to execute our strategy, sustain or improve the operational and
financial performance of our business or correctly identify or successfully
pursue business opportunities or growth; 2) our dependence on general economic
and market conditions and other developments in the economies where we operate;
3) our dependence on the development of the industries in which we operate,
including the cable networks and telecommunications industries; 4) our exposure
to regulatory, political or other developments in various countries or regions,
including emerging markets and the associated risks in relation to healthcare,
tax matters and exchange controls, among others; 5) our ability to effectively
and profitably compete and invest in new competitive high-quality products,
services, upgrades and technologies and bring them to market in a timely manner;
6) our exposure to direct and indirect regulation, including healthcare related
regulation, economic or trade policies, and the reliability of our governance,
internal controls and compliance processes to prevent regulatory penalties; 7)
our reliance on third-party solutions for data storage and the distribution of
products and services, which expose us to risks relating to security, regulation
and cybersecurity breaches; 8) our ability to retain, motivate, develop and
recruit appropriately skilled employees; 9) our ability to manage our
manufacturing, service creation, delivery, logistics and supply chain processes,
and the risk related to our geographically concentrated production sites; and
10) our ability to achieve targeted benefits from or successfully implement
planned transactions, as well as the liabilities related thereto, as well as the
risk factors specified on pages 69 to 87 of our annual report on Form 20-F filed
on April 1, 2016 under "Operating and financial review and prospects-Risk
factors", as well as in Nokia's other filings with the U.S. Securities and
Exchange Commission. Other unknown or unpredictable factors or underlying
assumptions subsequently proven to be incorrect could cause actual results to
differ materially from those in the forward-looking statements. We do not
undertake any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent legally required.
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originality of the information contained therein.
Source: NOKIA via GlobeNewswire
[HUG#2031969]
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2016 - 09:30 Uhr
Sprache: Deutsch
News-ID 486459
Anzahl Zeichen: 6651
contact information:
Town:
Espoo
Kategorie:
Business News
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