Summary
Motorola Inc. is selling its wireless networks unit to Nokia Siemens Networks for $1.2 billion in cash, a move that will accelerate Motorola's planned breakup into separate businesses.
The deal, announced yesterday and expected to close at the end of 2010, will boost Nokia Siemens' standing in key markets such as the United States and Japan, while allowing Motorola to devote more attention to its enterprise mobility unit, which makes communications equipment for public safety agencies and industrial companies.See the full content of this document
Extract
Motorola to Sell Wireless Networks Business
"We talked to a few different potential acquirers, but Nokia Siemens made ...
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