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Nokia Siemens To Buy Motorola Unit For $1.2B

Posted by Soulskill on from the chew-before-you-swallow dept.

sylverboss writes with news that Nokia Siemens is buying Motorola's wireless networks division for $1.2 billion. "The deal gives Nokia — the world's leading supplier of mobile handsets — an invigorated entrance to the US market where it has lagged far behind other handset suppliers." According to BusinessWeek, "Motorola’s sale of the wireless-network unit prepares it for a broader restructuring. The company is planning to spin off its mobile-phone and set-top box operations into a company that will be led by co-Chief Executive Officer Sanjay Jha. The spinoff is on schedule for the first quarter, Jha said last month."

5 of 70 comments (clear)

  1. Damn, Apple should've nabbed them. by Anonymous Coward · · Score: 4, Funny

    It's too bad that Apple didn't snag them first. Maybe then iPhones would actually be able to make phone calls.

  2. Apple confirms it by Anonymous Coward · · Score: 4, Funny

    Nokia is dying. Less space than a Nomad, no iPod interface, unable to end calls with a simple touch of one finger to one corner of the phone, lame.

  3. Re:Engineola by rubato · · Score: 3, Funny
    > just a sore loser following in [insert successful handset mfg here]'s wake.

    Now it's fixed.

  4. that was FUNNY! by Gary+W.+Longsine · · Score: 2, Funny

    Mods, mods, mods. No sense of humor?

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  5. I think it is just one mod. by Ecuador · · Score: 3, Funny

    CmdrTaco doesn't think it's funny...

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