Nokia just announced a $200M-ish deal to sell its wireless modem business -- a business it entered just a few years ago -- to Renesas Electronics Corporation. The deal is part of a broader alliance to develop HSPA+ and LTE modem technologies while working together to research future radio technologies. As part of the deal, Nokia will transfer its related patents and about 1,100 Nokia R&D staff to Renesas, the majority of whom are located in Finland, India, the UK, and Denmark -- assuming regulatory approval of course, something the two expect to receive by the end
