Nokia Siemens To Buy Motorola Unit For $1.2B
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."
It's too bad that Apple didn't snag them first. Maybe then iPhones would actually be able to make phone calls.
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.
Note that this has nothing to do with either Nokia or Motorola phones themselves, but the network infrastructure business. There are a lot of pieces between the handsets such as antennas, switches, media gateways, routers, etc. That's the part that's being acquired by Nokia Siemens Networks (not Nokia proper, the handset manufacturer).
This deal is only about network infrastructure, not handsets.
Now it's fixed.
CmdrTaco doesn't think it's funny...
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