HP has sold its local multipoint distribution service (LMDS) to Lucent, the Wall Street Journal reported today.
Details of the deal were not disclosed but Lucent is expected to launch broadband services based on the unit, with high speed data, video and relay services part of the deal.
The issue in question is the auctioning of such licences by US government department Federal Communications Commission.
Over 139 companies will bid for licences, according to the Wall Street Journal.
Today, Hewlett Packard disappointed financial analysts by only turning in a net profit of 1.9 percent in its first quarter.
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