Nokia buys U.S.-based SAC Wireless

The flagship store of Finnish mobile phone manufacturer Nokia is pictured in Helsinki September 7, 2012.
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.