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#1
What does this mean?

Nokia Siemens Networks said Monday that it would buy Motorola’s telecommunications network equipment business for $1.2 billion, a move that gives it a stronghold in the North American market and the No. 2 position in the cutthroat mobile gear market.

Nokia Siemens Networks — a 50-50 joint venture of Nokia and Siemens — has struggled to make a profit in the $82 billion market, which was hit hard by the recession.

Under its chief executive, Rajeev Suri, the venture has started to seek growth opportunities more aggressively and fight back against the Ericsson, the market leader, as well as Huawei of China. The Motorola deal will help the venture overtake Huawei.

Nokia Siemens tried to build a position in North America through an acquisition last year, but lost out on two auctions of assets from Nortel, its bankrupt Canadian rival: first to Ericsson and then to the Ciena Corporation.

Both companies paid 0.57 times annual revenues for the Nortel business units. Nokia Siemens is paying 0.32 times annual revenues for the Motorola business.

Nokia Siemens has struggled to take a larger share of North American business on its own; its revenue from North America shrank 9 percent in the first quarter to 153 million euros ($198.5 million), amounting to just 6 percent of the group’s total.
http://www.nytimes.com/2010/07/20/te...okia.html?_r=1
 
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#2
This is a corporate deal regarding the network business (infrastructure for carriers, etc), has nothing to do with handsets.
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#3
Oh ok. So does this mean Nokia might be getting into this whole LTE/4G business in the States
 
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#4
That and they may get a few more infrastructure contracts that Motorola has got going with the operators with this deal.
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#5
I wonder which country will get a new, improved manner to snoop upon their citizens from this deal.
 
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#6
Nokia Siemens Networks != Nokia
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#7
NSN got one LTE order from Japan (KDDI) with Motorola purchase and announced second one from USA today (7 billion contract with LightSquared). They also have LTE contract with Telia-Sonera in nordics. I think that puts NSN ahead of Ericsson in total LTE orders. This will be big selling point once telecoms really start to ramp up LTE investments.

NSN might be on it's way to become healthiest part of Nokia.
 
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