updated 09:55 am EDT, Mon July 19, 2010
Nokia Siemens to buy Motorola network business
As part of its group split-off scheduled for next year, Motorola today announced it will sell its wireless networks infrastructure to Nokia Siemens. This will give Nokia access to backbone gear for GSM, CDMA, HSPA (WCDMA), WiMAX and LTE networks. Motorola will, however, retain its iDEN business, all patents related to its wireless network infrastructure business, and other selected assets. The sale should be completed before year's end and needs regulatory approval.
The deal will include the respective Motorola employees, about 7,500, to transfer to Nokia. This includes research and development sites in the US, China and India. Motorola will continue to support their installed base of customers and provide a transition to next-generation technologies.
The deal will provide Nokia Siemens with relationships with more than 50 carriers and strengthen its worldwide market position.