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Nokia splashes out $421m on IP specialist

Finnish handset giant gets back into the acquisition game..

By Aled Herbert

Published: 26 July 2001 07:50 GMT

Nokia is buying networking infrastructure company Amber Networks for $421m in an all-stock deal.

The Finnish handset giant said it was buying Amber for its fault-tolerant routing technology - central to developing packet-switched IP networks.

Nokia recently made a number of redundancies from its own networking division.

The deal marks Nokia's first acquisution since December 2000, when it bought internet security firm Ramp Networks.

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