Nokia Siemens To Buy Motorola Unit For $1.2B 70
sylverboss writes with news that Nokia Siemens is buying Motorola's wireless networks division for $1.2 billion. "The deal gives Nokia — the world's leading supplier of mobile handsets — an invigorated entrance to the US market where it has lagged far behind other handset suppliers." According to BusinessWeek, "Motorola’s sale of the wireless-network unit prepares it for a broader restructuring. The company is planning to spin off its mobile-phone and set-top box operations into a company that will be led by co-Chief Executive Officer Sanjay Jha. The spinoff is on schedule for the first quarter, Jha said last month."
Network infrastructure, not handsets (Score:5, Informative)
Note that this has nothing to do with either Nokia or Motorola phones themselves, but the network infrastructure business. There are a lot of pieces between the handsets such as antennas, switches, media gateways, routers, etc. That's the part that's being acquired by Nokia Siemens Networks (not Nokia proper, the handset manufacturer).
Motorola keeps all their phones (Score:5, Informative)
This deal is only about network infrastructure, not handsets.
Must regret underbidding on Nortel CDMA. (Score:3, Informative)
NSN were the stalking horse on Nortel CDMA/LTE infrastructure bidding, that Ericsson won for just over a billion.
Nortel had a larger CDMA (major piece NSN is missing) market share than Motorola, so now it looks like they paid more for less.
Something's wrong (Score:2, Informative)
Re:Network infrastructure, not handsets (Score:3, Informative)
And enterprise WiFi and Wireless IPS/IDS devices. Oh, and managed services for the WiFi and IPS/IDS. Basically, anything that was in the Enterprise Mobility Solutions (the *only* profitable division by a long, long shot).
Basically:
Networking (LTE, GSM, iDEN, etc...) sold to Nokia Siemens
Mobility (phones and consumer products) spun off into Motorola Mobility
EMS (public safety, Symbol products, AireDefense, RFS switches, etc...) re-branded as Motorola Solutions
Re:Network infrastructure, not handsets (Score:2, Informative)