Nokia Siemens Acquires Motorola’s Network Business for $1.2 Billion
Posted On Monday, July 19, 2010 at at 10:56 AM by PradeepNokia Siemens Networks has agreed to acquire the majority of Motorola’s wireless network unit for $1.2 billion in cash, the company announced this morning. Nokia Siemens Networks expects that this acquisition will strengthen its ties with a number of telecom operators, as well as make it the third largest wireless infrastructure vendor in the U.S., the biggest foreign wireless vendor in Japan and strengthen its current number two position in the global infrastructure segment. Nokia Siemens Acquires Motorola’s Network Business for $1.2 Billion