Rusnano?s $10m helps legitimize Siberian LTE equipment production

Rusnano?s $10m helps legitimize Siberian LTE equipment productionRussia?s Rusnano has bought into Tomsk?s Wireless Technologies Center in Siberia in a deal that is believed to legitimize Russian LTE equipment production in Tomsk.

Rusnano, Russia?s nanotech giant, has bought 25% of Tomsk?s Wireless Technologies Center in Siberia in a deal that is believed to legitimize Russian LTE equipment production in Tomsk. The Siberian 4G base stations maker may receive the status of a domestic LTE equipment manufacturer later this year already, Russian news agency RIA Novosti reported, citing Viktor Donchenko of Tomsk-based Mikran. Wireless Technologies Center was set up in late 2011 as a JV between Nokia Siemens Networks (NSN) and Mikran. The partners owned 75% and 25% of the joint venture, respectively. Plans were for Rusnano to join the project and buy out 25% from NSN. This would be the only way of legitimizing the Tomsk company as a Russian LTE equipment manufacturer?the status that would enable it to supply equipment to Russian telecoms that win government tenders for LTE licenses. Wireless Technologies Center was busy supplying Western European LTE equipment market instead. Meanwhile, Russian operators that had won LTE licenses for the 2...