Nokia Siemens Networks strengthens its global position
NOKIA Through acquiring the wireless infrastructure assets of Motorola NSN becomes the third biggest network vendor in the United States, and the biggest foreign wireless vendor in Japan.Nokia Siemens Networks will acquire the majority of Motorola's wireless network infrastructure assets. The value of the acquisition is 1.2 billion US dollars, paid in cash.
The acquisition is expected to strengthen NSN's position especially in the United States and Japan. As part of the transaction, Nokia Siemens Networks expects to continue as the supplier of more than Motorola 50 network operators and to strengthen its position with China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.
- Motorola's existing customers will continue to get world-class support for their installed base and a clear path for transitioning to next generation technologies. Nokia Siemens Networks will benefit from the deal, which is expected to our enhance profitability and cash-flow and to have significant growth potential, says Rajeev Suri, Chief Executive Officer of Nokia Siemens Networks.
- This is great news for our customers, our investors and our personnel. The acquisition will allow us to sharpen our strategic focus on providing mission and business critical solutions for our government, public safety, and enterprise customers, says Greg Brown, Co-CEO of Motorola.
According to a Nokia Siemens Networks' revenue-based estimate, with the addition of the Motorola wireless network infrastructure business, NSN will become the third biggest wireless infrastructure vendor in the United States and the biggest foreign wireless vendor in Japan. At the same time the company strengthens its current position as the second biggest global wireless network infrastructure provider.
Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorola's wireless network infrastructure business when the transaction closes. The acquisition includes large research and development sites in the United States, China and India. Motorola retains its iDEN business, majority of the patents related to its wireless network infrastructure business and other specified assets.
