In a cash-deal worth $975 million, Nokia Siemens Networks and Motorola Solutions jointly announced that Nokia Siemens Networks has completed its acquisition of Motorola Solutions’ Networks assets. As of April 30 2011, responsibility for supporting customers of Motorola Solutions’ GSM, CDMA, WCDMA, WiMAX and LTE products and services transfers to Nokia Siemens Networks.
“Our combined knowledge and experience will provide our newly expanded customer base with the means to grow by providing greater value to their subscribers”, said Rajeev Suri, CEO, Nokia Siemens Networks.
“Motorola Solutions is pleased to complete this transaction to combine our Networks team with an industry leader, which will further sharpen our strategic focus on providing mission-critical solutions for our government and enterprise customers”, said Greg Brown, president and CEO, Motorola Solutions.
The acquisition strengthens Nokia Siemens Networks’ position in key regions, particularly North America and
As part of the deal, responsibility for supporting 50 operators across 52 countries, as well as approximately 6900 employees, will transfer to Nokia Siemens Networks. In addition, Nokia Siemens Networks is acquiring a number of research and development facilities including sites in the
By TelecomLead.com Team