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Nokia Just Bought This Energy Solutions Start-Up

October 5, 2016, 10:05 AM UTC
Mobile World Congress 2015 - Day 2
BARCELONA, SPAIN - MARCH 03: A logo sits illuminated outside the Nokia pavilion during the second day of the Mobile World Congress 2015 at the Fira Gran Via complex on March 3, 2015 in Barcelona, Spain. The annual Mobile World Congress hosts some of the wold's largest communication companies, with many unveiling their latest phones and wearables gadgets. (Photo by David Ramos/Getty Images)
David Ramos Getty Images

Telecoms network maker Nokia (NOK) said on Wednesday it had acquired Eta Devices, a U.S.-based start-up specializing in power amplifier efficiency solutions for network base stations.

“Eta Devices will bolster Nokia’s push to enhance base station energy efficiency, an increasingly important area for operators on the path to 4.9G and 5G,” the company said in a statement.

Financial terms of the deal were not disclosed.

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Eta Devices is a private start-up founded in 2010. The company is headquartered in Cambridge, Massachusetts, in United States, and has a research and development office in Stockholm, Sweden.