Motorola and Huawei Hug It Out
Motorola Solutions and Huawei have settled their differences, putting an end to their dueling lawsuits and clearing the way for the transfer of Motorola’s telecom network equipment business to Nokia Siemens.
Under the terms of an agreement announced Wednesday, Huawei has agreed to withdraw its lawsuit against Motorola and Nokia Siemens Networks. In return, Motorola has agreed to drop its corporate espionage case against Huawei and pay the company a one-time fee to transfer some of its confidential information to NSN.
The size of the fee wasn’t disclosed, though Motorola Solutions said separately that it is lowering the price of the network equipment assets it’s selling to Nokia Siemens Networks to $975 million from $1.2 billion.
Coincidence, I’m sure…
In any event, the companies are both very happy to put this particular legal debacle behind them–particularly Motorola Solutions, which can now move on to the more important business of closing its NSN transaction.
“We regret that these disputes have occurred between our two companies,” Greg Brown, president and CEO of Motorola Solutions, said in a statement. “Motorola Solutions values the long-standing relationship we have had with Huawei. After reviewing the facts, we decided to resolve these matters and return to our traditional relationship of confidence and trust. I am pleased that we can again focus on having a cooperative and productive relationship.”