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Nokia buys U.S.-based SAC Wireless

Reuters

HELSINKI (Reuters) - Finnish telecommunications gear maker Nokia (NOK1V.HE) said on Wednesday it would buy U.S. -based SAC Wireless, which installs wireless network equipment.

SAC Wireless, based in Schaumburg, Illinois, has roughly 450 employees and has worked with major telecom operators, Nokia said in a statement.

Nokia said that the acquisition would help Nokia win market share in network implementation. It did not reveal the purchase price.

(Reporting by Sakari Suoninen)