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Nokia Siemens to acquire Nortel?s LTE and CDMA assets  Canada-based Nortel, once North America?s largest telecommunications equipment manufacturer, filed for bankruptcy in January 2009 after a turnaround effort failed. As part of its bankruptcy proceedings, Nortel will sell its LTE and CDMA assets to Nokia Siemens for a cool $650 million. The acquisition will improve Nokia Siemen?s position in both North America and the [...] [..] |
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Nokia, Siemens bail on effort to sell Nokia Siemens Networks  Nokia and Siemens have given up efforts to sell Nokia Siemens Networks, Reuters reported on Wednesday. The firms had been trying to sell the joint venture, which has had troubles reporting a profit, for the past year. “The timing for selling the unit could hardly have been worse; there are clear signs from companies like LG and ASML of European handset market descending into a slump and sell [..] |
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Nokia Siemens Networks looking to renegotiate $1.2B Motorola deal  Nokia Siemens Networks is trying to renegotiate a $1.2 billion network infrastructure assets purchase from Motorola, according to sources speaking to Bloomberg. In an effort to please Chinese authorities, which have delayed the purchase due to antitrust concerns, Nokia Siemens Networks is seeking to leave Motorola Solutions’ GSM unit out of the purchase, and adjust the deal accordingly. Chin [..] |
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| Nokia Siemens Networks to lay off more than 4,000 workers in Europe Nokia Siemens Networks recently announced that it will cut as many as 1,200 jobs in Finland and lay off another 2,900 workers in Germany as it begins to restructure the company. Both Nokia and Siemens originally tried to sell the joint venture, which has struggled to report a profit, but gave up those plans this past summer. The move is expected to save ?1 billion per year, Reuters said Tuesday. N [..] |
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| Nokia Siemens Networks lays off 1,500 employees Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to lea [..] |
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Nokia Siemens to slash 17,000 jobs by 2013 in restructuring move  After Nokia and Siemens failed to sell Nokia Siemens Networks, the joint venture announced on Wednesday that it will cut 17,000 jobs around the globe by 2013 as part of a restructuring move that will focus on services and mobile broadband. “Our goal is to provide the world?s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services capability [..] |
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Microsoft strikes deal to acquire Nokia?s phone business for $19B, insider claims  According to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion. Just two weeks ago, Murtazin ? who has a proven track record and was the first to report that Nokia has struck a deal to use Microsoft’s Windows Phone platform on its smartphones ? suggested that Microsoft and Nokia were about to enter closed-door meeting [..] |
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Motorola ramping up for Android; Nokia and Verizon interested?  According to an article at TechCrunch, Motorola is ramping up it efforts in the Android arena by hiring an additional 300 developers to supplement its current staff of 50. That is a huge increase and it appears as if Motorola, one of the original Open Handset Alliance members, is ready to get a little [...] [..] |
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This morning, Nokia Siemens announced that it would acquire $1.2 billion in network infrastructure assets from telecom giant Motorola. As the press release states: “Motorola’s networks infrastructure business provides products and services for wireless networks, including GSM, CDMA, WCDMA, WiMAX… [..]
Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. Developing… [..]
T-Mobile might not be the fastest draw in the West but that won?t stop manufacturers from sprinkling some 3G dust on Tmo-bound handsets any time soon. In fact, three such phones just pushed their way through the FCC approval process and one is of particular interest ? but we?ll get there. Let?s start with the [...] [..]
David Hartsfield, formerly of Motorola, has found himself tangled in a legal battle with his previous employer. The issue? He’s going to work for Nokia. Last week, Motorola filed an emergency motion in an Illinois district court to prevent Hartsfield… [..]
