NSN seals Motorola acquisition deal

Over the weekend Nokia Siemens Networks finally closed its $975m purchase of Motorola’s network infrastructure assets. The move follows China’s approval of the deal and will see NSN take on responsibility for 50 operator customers in 52 countries, as well as 6900 ex-Motorola employees.

Motorola’s solutions portfolio for GSM, CDMA, WCDMA, WiMAX and LTE products and services will transfer to NSN, giving the Finnish-German joint venture access to a new customer base and a foothold in North America and Japan.

NSN is also acquiring a number of research and development facilities including sites in the United States, China, Russia, India and the UK.

“The people, customers and technology we’ve acquired greatly complement our existing business by taking us into new markets and broadening our market share,” said Rajeev Suri, chief executive officer of Nokia Siemens Networks. “Our combined knowledge and experience will provide our newly expanded customer base with the means to grow by providing greater value to their subscribers.”

The agreement began moving forward towards the end of last month, in the wake of Huawei’s reconciliation with Motorola.The deal had been moving at a glacial pace since its inception in July 2010, thanks largely to the Chinese Anti-Monopoly Bureau’s (MOFCOM) reluctance to approve it.

Nsn Will Incorprate Motorola Technologies