Tuesday, 19 February 2019

Nokia Siemens fails to close Moto deal

By Mary Lennighan, Total Telecom
Wednesday 09 March 11

Chinese antitrust body has yet to approve $1.2 billion transaction; no new timeframe for closure.

Nokia Siemens Networks will be unable to close the acquisition of Motorola's mobile network assets this quarter as it had planned as it has yet to receive the go-ahead from Chinese antitrust regulators. In a statement issued on Wednesday, Nokia Siemens said it remains committed to the acquisition, but cannot provide further guidance on when it is likely to close…

Nokia Siemens Networks will be unable to close the acquisition of Motorola's mobile network assets this quarter as it had planned as it has yet to receive the go-ahead from Chinese antitrust regulators. In a statement issued on Wednesday, Nokia Siemens said it remains committed to the acquisition, but cannot provide further guidance on when it is likely to close…

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