Thursday, December 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ICANN Targeted in Phishing Attack
BlackBerry Classic Makes Official Debut
LG, Samsung, To Dominate The TV Market in 2015
Renesas Develops 16nm FinFET SRAM
Sony Film Debut Canceled After Threats
New Nintendo Devices To Use 'free-form' LCDs
Sony Single-Lens OLED Display Module Turns Any Eyewear Into Smartglasses
Dutch Privacy Watchdog Probes Facebook
Active Discussions
Windows xp
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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 US     Mobiles News      Sony Playstation Phone Coming in Spring

Get RSS feed Easy Print E-Mail this Message

Related News
Lumia 635 Comes to Boost Mobile, Virgin Mobile USA and Sprint
Find Your Phone With The Motorola Keylink
Nokia's First Brand-licensed Product Is The N1 Android Tablet
Nokia Teases With Mysterious New Product
Nokia Brand May Return In The Future: CEO
Android Lollipop Rolling Out to Moto X, Moto G
Microsoft's First Nokia-free Lumia Coming Next Week
Moto 360 Gets New Straps, Watchface Designer and Fitness Hub
Lumia 635 Coming to Cricket Wireless
Lumia 830 Coming to AT&T With Free Fibit Flex
Motorola Becomes Part Of Lenovo
Motorola DROID Turbo Smartphone Charges In Minutes

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 .