Bloomberg News

Adtran Says Transaction Price for NSN Unit Is “Not Material"

December 12, 2011

Dec. 12 (Bloomberg) -- Adtran Inc. said the price paid to acquire a fixed-line broadband equipment unit from Nokia Siemens Network was “not material.”

The Huntsville, Alabama-based company expects to get $140 million to $180 million in revenue from the unit for the first twelve months after closing, Chief Executive Officer Tom Stanton said on a conference call. Closing is expected “around the end of April 2012,” he said.

To contact the editor responsible for this story: Diana ben-Aaron at dbenaaron1@bloomberg.net


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