Thursday, July 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Settles 2011 PSN Hacking Case
Sony Xperia Z3 Specs Leaked
Swatch Denies Working with Apple on iWatch
Vuzix And Lenovo Launch M100 Smart Glasses Product
Google Implemented "Right To Be Forgotten" Ruling Inadequately, EC says
Researchers Create Ultra-dense Memory Using Conventional Methods
Facebook Profit Doubles
Qualcomm's Profit Hurt by Dispute Over China Royalties
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Mobiles > China D...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, December 29, 2010
China Delays Nokia's Acquisition of Motorola's Public Carrier Wireless Network Infrastructure Assets


Nokia Siemens Networks today announced that it now expects to complete its acquisition of the majority of Motorola's public carrier wireless network infrastructure assets in the first quarter of 2011.

The company had expected, at the time the transaction was originally announced on July 19, 2010, to complete closing activities by the end of 2010 but the transaction has not yet received regulatory approval from the Anti-Monopoly Bureau of the Ministry of Commerce of China, which is continuing its review process. All other necessary regulatory clearances have been obtained.

"This delay is disappointing, but we're looking forward to completing the acquisition early in the new year," said Rajeev Suri, chief executive officer of Nokia Siemens Networks. "We are continuing to work closely with the authority in China to finalize the clearance process in that country. We recognize its efforts in addressing this case as a matter of importance."

Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorola's public carrier wireless network infrastructure business when the transaction closes, including large research and development sites in the United States, China and India.


Previous
Next
New Samsung WB700 and NX11 Digital Cameras to Debut at CES 2011        All News        LG To Showcase The LW6500 Cinema 3D TV at CES 2011
Sony Seeks to Block Sales LG's Mobile Phones in The U.S.     Mobiles News      Sony Playstation Phone Coming in Spring

Get RSS feed Easy Print E-Mail this Message

Related News
Lumia 530 Entry-level Windows Phone Released
Panasonic Seeks To Sell Its Mobile Base Station Business to Nokia
Lumia Cyan Update Now Available
Lumia 930 On Goes On Sale This Week
Nokia to buy SAC Wireless
Lumia 635 Launches in U.S.
Microsoft Releases The Nokia X2
Adobe's 2014 Creative Cloud Released
New 64GB Moto X Available for $449
Android KitKat Rolls Out to Moto Devices
Motorola Plans to Shutter Texas Factory
Moto E and Moto G with 4G LTE Released

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .