Nokia Siemens Networks announced today that the company has completed the transaction to sell its microwave transport business, including associated operational support systems (OSS) and related support functions (the “business”) to DragonWave, The deal was completed under the terms of the amended agreement announced on May 3, 2012.

In line with the agreement, DragonWave is the preferred, strategic supplier to Nokia Siemens Networks of packet microwave and related products, and the companies will jointly coordinate technology development activities.

The acquisition of the business in China is expected to be completed in the second half of 2012, once all of the licenses and permissions to do so are in place. Employees of Nokia Siemens Networks based in Shanghai would transfer to DragonWave at that time.