Motorola and Nokia Siemens Networks Say Deal Delayed
Motorola Solutions and Nokia Siemens Networks today both announced that the proposed acquisition of Motorola's wireless networking business by Nokia Siemens has been delayed by the Chinese Ministry of Commerce, which has extended the review period by an additional 60 days. The deal was first proposed in July 2010, and was eventually opposed by Chinese networking firm Huawei, which says that Motorola has access to its proprietary technology. A U.S. judge eventually ruled that Motorola could proceed with the sale, but can't divulge any of Huawei's trade secrets. The deal was slated to close during the first quarter of this year. Motorola and Nokia Siemens Networks now believe they will not close the deal before the end of the quarter.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
Nokia Networks to Acquire Eden Rock
Nokia Networks today announced its intent to acquire Eden Rock Communications for an undisclosed sum. Eden Rock pioneered self-organizing networks (SON) technology for mobile broadband operators.
Nokia Networks to Buy Panasonic's Base Station Biz
Nokia Networks today announced that it has agreed to purchase select portions of Panasonic's wireless business. Specifically, the company will buy Panasonic's mobile phone wireless base station and related wireless equipment system businesses.
Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees.
China Approves Nokia's Alcatel-Lucent Acquisition
Nokia's attempt to acquire Alcatel-Lucent has cleared another hurdle now that it has won approval from China's Ministry of Commerce. The anti-monopoly body will allow the proposal to move forward under certain conditions, which mostly pertain to licensing standard essential patents.