Ft. Lauderdale, FL 7/06/2010 08:30 PM GMT (TransWorldNews)
Nokia has opted to get out of the wireless modem business, selling its technologies and patents to Renesas Electronics for a reported $200 million.
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The announcement cam e on Tuesday and will include LTE, HSPA, and GSM technologies and patents as Nokia moves toward a clearer focus on its handset and services business.
As part of the announcement Nokia stated that they would work with Renesas Electronics in tehfutire to develop modern technologies.
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