Tuesday, March 8, 2011

NSN's Acquisition of Motorola Wireless Networks Awaits China's Approval

Nokia Siemens Networks and Motorola Solutions announced a further delay in NSN's pending acquisition of Motorola's wireless networks infrastructure assets. Originally announced on July 19, 2010, the deal is still pending anti-trust approval from the Chinese regulatory authorities. The companies said the closing will not be completed in the first quarter of 2011 as previously targeted.

The proposed acquisition has entered phase three of the review process with the Anti-Monopoly Bureau of the Ministry of Commerce in China (MOFCOM).

Nokia Siemens Networks said it remains committed to the acquisition but will provide no further guidance on when it is likely to be completed. Motorola said it also remain committed to the deal.

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