Nokia Siemens Networks | April 13, 2011 | Press Release
Espoo, Finland – April 13, 2011
- Preliminary injunction from Huawei preventing transfer of certain assets withdrawn
- Companies target April 29, 2011 to close transaction
- Anti-trust approval still pending from Chinese regulatory authorities
A new purchase price of US $975 million has been agreed for the sale of Motorola Solutions’ Networks assets to Nokia Siemens Networks.
In addition, Huawei has agreed to withdraw its claims and dismiss, with prejudice, its lawsuit against Motorola and Nokia Siemens Networks in the Chicago federal district court.
Motorola Solutions and Nokia Siemens Networks aim to close the transaction on April 29, 2011. Closing will be confirmed after, and provided that, the companies have received anti-trust approval from the Ministry of Commerce in China and all other closing conditions have been met.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland.www.nokiasiemensnetworks.com
