Friday, July 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Posts Strong Revenue on Video Market
Games Outweigh Sagging Sensors For Sony
Microsoft To Further Cut Jobs Towards The Final Exit From Phone Business
AMD Radeon RX 470 And RX 460 Are Shipping in Early August
Worldwide Smartphone Volumes Relatively Flat in Q2 2016
Oracle to Buy NetSuite for $9.3 Billion
Samsung and Nestle Collaborate on the Internet of Things and Nutrition
Home Appliance and Home Entertainment Units Help LG's Quarterly Profits
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Lenovo To Release Motorola Modular Smartphone
Nokia Buys Withings To Connect People to Better Health
MWC: Ericsson, Nokia Offer 5G Timelines
Ericsson And Nokia Extend 3G's Capabilities Toward 5G Era
Nokia Settles Patent Dispute With Samsung
Motorola Moto 360 Sport Watch Launching Next Month
Nokia's Virtual Reality Camera 'Ozo' Priced at $60,000
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Droid Turbo 2 Coming In Europe As The Moto X Force
Motorola Introduces New DROID Turbo 2 and DROID Maxx 2
Motorola Outlines Android Marshmallow Update Plans
This Is The New Moto 360

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .