US vendor Motorola Solutions has said that it expects to complete the sale of its mobile networks business to European vendor Nokia Siemens Networks (NSN) in June, according to media reports.
Although the US$1.2bn acquisition was originally announced in…
US vendor Motorola Solutions has said that it expects to complete the sale of its mobile networks business to European vendor Nokia Siemens Networks (NSN) in June, according to media reports.
Although the US$1.2bn acquisition was originally announced in July 2010, it has been slowed down to the failure of Chinese regulators to ratify the deal.
Reports earlier in March suggested that NSN was looking to renegotiate the deal in order to get the Chinese authorities onboard.
Reportedly, NSN was considering dropping the acquisition of Motorola’s GSM unit and was renegotiating the price accordingly.
An NSN spokesman said the company was still commited to the deal, but would give no further guidance on when it will be completed.
