Nokia Siemens Closes Motorola Deal

Its legal spat with Huawei resolved, Motorola Solutions today completed the transfer of its telecom network equipment business to Nokia Siemens. Valued at $975 million in cash, the deal includes the transfer of about 6,900 employees to Nokia Siemens, and will make it the third-largest wireless infrastructure provider in the United States and the leading non-Japanese wireless vendor in Japan.