Adtran (ADTN) is acquiring Nokia Siemens' (NOK, SI) wireline broadband access business for an...

|By:, SA News Editor

Adtran (ADTN) is acquiring Nokia Siemens' (NOK, SI) wireline broadband access business for an undisclosed sum. The transaction is expected to close in April, and will involve the transfer of ~400 people. It represents the latest attempt by Nokia Siemens, which announced massive job cuts last month, to pare its losses and shore up its balance sheet.