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Motorola Ready to Sell Network Biz to Nokia Siemens

Jul 18, 2010, 6:17 PM by Eric M. Zeman

According to sources cited by the Wall Street Journal, Nokia Siemens Networks could seal a deal to buy Motorola's networking business as early as Monday, July 19. The Journal's sources indicate that the acquisition is nearly complete, and is valued at approximately $1.2 billion. If the deal closes as proposed, Nokia Siemens Networks stands to gain Motorola's GSM and CDMA technologies, WiMax and LTE, as well as some older wireless technologies. The Journal notes that Motorola will hold onto its iDEN-based technologies, which are still used by Sprint and its Boost Mobile subsidiary. Motorola had planned to split into two entities. This sale will leave the handset and set-top box business as a stand-alone company. The Journal says that Chinese equipment maker Huawei had shown interest in the Motorola networking unit, but Nokia Siemens Networks has apparently prevailed in acquisition talks.

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Comments

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This forum is closed.

muchdrama

Jul 18, 2010, 9:20 PM

Whew. Glad it's not...

...Huawai. They've been muscling other companies out of the way with their cheap, crap labor & product.

Azeron

I take it Motorola quality is head and shoulders above in your opinion?

...

GettingSleepy

Jul 19, 2010, 3:57 PM

Sell LTE and keep iden?

Why would Motorola do that, wont LTE make more money in the future as everyone moves to the next generation of network?

fahrende

Moto probably doesn't have the cash reserves to make the massive capital investments that are still necessary.

Competition for LTE equipment will be brutal with better funded competitors muscling their way in.

iDen, despite it being ancient(in t...
(continues)

algorithmplus

Maybe Nokia Siemens Networks wasn't interested in iDEN and left it for that reason.

Versed

Jul 19, 2010, 5:41 AM

Just Another........

This is just another "self destructing corporation" that is far more interested in gaining a quick buck then improving on itself. In about 5 years from now, Motorola will be reduced to a trademark, not an entity.

JeffroPuff

Disagree. There's no secret that Moto isn't a blooming flower, so to speak, financially. To maintain business segments that aren't in the best long term financial interest for the company, rightly should be handed off to a company who still has a stro...
(continues)

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