Motorola sees NSN deal closing in Q2

Nieuws Mobiel Wereld 6 APR 2011
Motorola sees NSN deal closing in Q2
Motorola expects to close the sale of its networks business to Nokia Siemens Networks in the second quarter. "We are still targeting Q2 and candidly there is not much more to say about it," CEO Greg Brown told the Financial Times. The sale was delayed twice already due to extended investigation by Chinese regulatory authorities. Brown said he did not know why they were taking longer to clear the acquisition and had not been in recent contact. The takeover was first announced in July last year.

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Nokia Siemens Networks

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Regulations, Network equipment, Wholesale, M&A buyouts & divestments

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