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Motorola Solutions completes delayed sale of networks unit to Nokia Siemens for $975 million(Canadian Press DataFile Via Acquire Media NewsEdge) NEW YORK _ Motorola Solutions Inc. has completed the delayed $975 million sale of its wireless networks business to Nokia Siemens Networks, the companies said Friday. The deal was originally set to close before the end of last year, before the breakup of Motorola Inc. It was held up by objections from Motorola partner Huawei Technologies, a Chinese maker of networking gear. Huawei was concerned that its business secrets would be transferred to Nokia Siemens. Motorola Solutions settled with Huawei for an undisclosed fee, paving the way for approval of the deal by Chinese antitrust authorities a week ago. Nokia Siemens Networks is the network equipment-making joint venture of Nokia Corp. of Finland and Siemens AG of Germany. It had originally agreed to pay $1.2 billion for the Motorola unit, but the price was lowered when Motorola Solutions settled with Huawei. Motorola Solutions makes police radios, bar-code scanners and other products aimed at corporations and governments. The other half of the old Motorola is Motorola Mobility Holdings Inc., which makes cellphones and cable set-top boxes. The two companies separated in January. (c) 2011 The Canadian Press |