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April 29, 2011 08:01 pm GMT
Nokia Siemens has closed the acquisition of the wireless network infrastructure assets of Motorola Solutions today. The company reports that it paid $975 million in cash for the assets and approximately 6900 employees will transfer to Nokia Siemens Network from Motorola. The finalization of the deal come after China regulators approved the acquisition a last week. The full release is paste below. As of April 30 2011, the company says that responsibility for supporting customers of Motorola Solutions' GSM, CDMA, WCDMA, WiMAX and LTE products and services transfers to Nokia Siemens Networks. Part of the approval is due to the fact that Motorola reached an agreement with Chinese manufacturer Huawei over a pending patent lawsuit relating to the assets being acquired. In January, Huawei filed a lawsuit to prevent Motorola from giving Nokia Siemens Huawei's IP information. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QHpJosFdHvw/
Nokia Siemens Closes $975M Acquisition Of Motorola Solutions' Wireless Network Assets
Nokia Siemens has closed the acquisition of the wireless network infrastructure assets of Motorola Solutions today. The company reports that it paid $975 million in cash for the assets and approximately 6900 employees will transfer to Nokia Siemens Network from Motorola. The finalization of the deal come after China regulators approved the acquisition a last week. The full release is paste below. As of April 30 2011, the company says that responsibility for supporting customers of Motorola Solutions' GSM, CDMA, WCDMA, WiMAX and LTE products and services transfers to Nokia Siemens Networks. Part of the approval is due to the fact that Motorola reached an agreement with Chinese manufacturer Huawei over a pending patent lawsuit relating to the assets being acquired. In January, Huawei filed a lawsuit to prevent Motorola from giving Nokia Siemens Huawei's IP information. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QHpJosFdHvw/
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