Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions

Nokia Siemens Networks and Motorola Solutions, Inc. (NYSE: MSI) today jointly announced that Nokia Siemens Networks has completed its acquisition of Motorola Solutions' Networks assets paying US $975 million in cash. 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.

"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."

Read More....
Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions