NSN acquires Motorola's network assets

NSN becomes the world's second largest wireless vendor
Nokia Siemens Networks paid $975 million for Motorola Solutions' network assets.
Nokia Siemens Networks paid $975 million for Motorola Solutions' network assets.

Share

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.

 

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story