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

Adtran Inc. (ADTN) said the price paid to acquire a fixed-line broadband equipment unit from Nokia (NOK1V) 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.

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