Motorola Purchase Deal Delayed to 2011

Nokia Siemens Networks announced today that its purchase of Motorola’s wireless network infrastructure assets will be delayed to 2011 pending approval from Chinese regulators.

The companies announced back in July that NSN would buy most of Motorola’s wireless network infrastructure assets at an amount of $1.2 billion, which would push the company’s ranking to the world’s number 2 in the industry.

The companies expected the deal to be finalized by the end of 2010. NSN said in a statement that the transaction has not yet received regulatory approval from the Anti-Monopoly Bureau of the Ministry of Commerce of China.

Nokia Siemens logo Motorola Purchase Deal Delayed to 2011

The deal already received the green light from the European Commission, who stated that it would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

The NSN also said the deal received approval from regulators in the United States, Brazil, South Africa, Japan, Russia, Turkey and Taiwan.

Filed Under: Cellphones & TelephonesNews

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