Nokia Siemens will pay more than a Billion to aquire Motorola wireless network. In statement the company said on Monday that Nokia Siemens and Motorola reached in an agreement of US$1.2 billion.
Nokia Siemens will acquire manufacturing operations of Motorola for all the major wireless systems, including GSM, CDMA, WCDMA, WiMax and LTE. However Motorola wireless network will hold its wireless patent portfolio and to its iDEN trunked wireless system, used by U.S. operator Sprint Nextel. As a part of the deal more than 7400 employees from Motorola will join Nokia Siemens Networks.
Nokia Siemens and Motorola expects that the deal will be completed by the end of this year.