Nokia Siemens Closes Motorola Deal

Published on April 29, 2011
by John Paczkowski

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.

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