Nokia Siemens Networks completes purchase of Motorola’s networks assets

Nokia Siemens Networks has completed its acquisition of Motorola Solutions’ networks assets paying US$975m in cash.

As of today (30 April 2011), responsibility for supporting customers of Motorola’s GSM, CDMA, WCDMA, Wimax and LTE products and services transfers to Nokia Siemens Networks.

“The people, customers and technology we’ve acquired greatly complement our existing business by taking us into new markets and broadening our market share,” said Rajeev Suri, chief executive officer, 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.”

The acquisition strengthens Nokia’s position in North America and Japan, as well as with some of the world’s major service providers. Based on revenue, the addition of the Motorola assets makes Nokia the third largest wireless infrastructure vendor in the USA and the leading non-Japanese wireless vendor in Japan. In addition, the acquisition reinforces Nokia’s position as the world’s second largest wireless infrastructure and services provider.

“Motorola Solutions is pleased to complete this transaction to combine our networks team with an industry leader,” said Greg Brown, president and chief executive officer, Motorola Solutions.

“This is great news for our customers, our investors and our people and will allow Motorola Solutions to further sharpen our strategic focus on providing mission-critical solutions for our government and enterprise customers.”

As part of the deal, responsibility for supporting 50 operators across 52 countries, as well as approximately 6900 employees, will transfer to Nokia. In addition, Nokia is acquiring a number of research and development facilities including sites in the USA, China, Russia, India and the UK.

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