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Nokia Siemens Networks Buys Motorola Wireless Unit

Today we hear that Nokia Siemens Networks is spending $1.2 billion to acquire assets from Motorola, which include most of their wireless network infrastructure. Although it’s reported that Motorola will keep select assets including the iDEN business and related patents.

The expected completion is towards the end of 2010 subject to regulatory approvals, and the acquisition will give Nokia Siemens Networks a global footprint in CDMA, and should strengthen and expand relationships with over 50 operators.

CEO of Nokia Siemens Networks, Rajeev Suri, said that the acquisition would benefit shareholders, employees, and customers in his opinion. He went on to say that “employees will join an industry leader” and the deal will “enhance profitability and cash-flow”.

You can read the full press release on nokiasiemensnetworks.com. If you would like to listen to the conference call between Motorola and Nokia Siemens Networks, visit this link for the Webcast and live call that took place this morning.

Written by Daniel Chubb

Daniel is the CEO of Dansway Communications LTD and founder of product-reviews.net; a top blog dedicated to breaking tech news, hands-on reviews and delivers real solutions to everyday consumer electronics hang-ups.

Daniel now spends his time keeping an eye on the latest technology and business trends. Also developing other blogs/news sites in the entertainment and business industries.

Contact Daniel Chubb: daniel@product-reviews.net

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