Telecoms vendor Nokia Siemens Networks has finally completed the acquisition of Motorola Solutions’ network assets for US $975 million in cash.
Nokia Siemens Networks will now take responsibility for customers of Motorola Solutions’ GSM, CDMA, WCDMA, WiMAX and LTE products and services, making it the world’s second largest wireless infrastructure and services provider.
As part of the deal, contracts with 50 operators across 52 countries, as well as 6,900 employees, will transfer from Motorola Solutions to Nokia Siemens Networks.
The Finland-based vendor has also acquired various R&D sites in the US, China, Russia, India and the UK.
Nokia Siemens Networks said that the deal would strengthen its position in “key regions” including North America and Japan, as well as with some of the world’s major service providers.
Based on revenue, the addition of Motorola Solutions’ Networks assets makes Nokia Siemens Networks the third largest wireless infrastructure vendor in the US and the leading non-Japanese wireless vendor in Japan.
“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, CEO, 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 deal was originally due to be completed by the end of 2010, but suffered a delay after Nokia Siemens Networks was forced to wait for permission from China’s telecoms regulator.