Nokia Siemens To Buy Motorola Unit For $1.2B

Posted by Soulskill on Monday July 19, 2010 @10:53AM 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."

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Network infrastructure, not handsets by Tancred · 2010-07-19 11:08 · Score: 5, Informative

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).