Monday, December 27, 2010

NSN's Acquisition of Motorola's Public Carrier Awaits Chinese Approval

Nokia Siemens Networks expects to complete its acquisition of the majority of Motorola's public carrier wireless network infrastructure assets in the first quarter of 2011. The company had expected, at the time the transaction was originally announced on July 19, 2010, to complete closing activities by the end of 2010 but the transaction has not yet received regulatory approval from the Anti-Monopoly Bureau of the Ministry of Commerce of China, which is continuing its review process. All other necessary regulatory clearances from the U.S., the E.U. and elsewhere have been obtained.