Nokia Siemens wins EU approval to buy Motorola's mobile network

09:27, December 16, 2010      

Email | Print | Subscribe | Comments | Forum 

Nokia Siemens Networks on Wednesday won approval from the European Union (EU) to buy the U.S. -based Motorola Network Business.

After examining the operation, the European Commission, the EU' s antitrust watchdog, said in a statement that the transaction would not significantly impede effective competition in Europe.

Nokia Siemens Networks, a joint venture of Nokia and Siemens in the Netherlands, provides mobile and fixed network infrastructure, communications and networks service platforms, as well as professional services to operators and service providers.

Motorola Network Business designs, manufactures, sells and installs mobile network systems for mobile service providers.

The deal was meant to strengthen the presence of Nokia Siemens Networks in Japanese and North American markets.

Source: Xinhua


  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Spectacular icicles appear at Hukou Waterfall
  • Violence again erupts during general strike in Athens
  • Various parts of China embraces first snow of this winter
  • Moscow police detain 700 people to prevent street fight
  • UN Security Council lifts sanctions against Iraq
  • "China-India friendship," Chinese premier tells teenagers in India with calligraphy
Most Popular
Hot Forum Dicussion