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Wednesday, July 21, 2010

Dagens Industri, Dagens Nyheter, Financial Times, Svenska Dagbladet, Wall Street Journal
NSN has agreed to pay USD1.2 billion in cash for most of Motorola’s mobile network infrastructure unit, in a deal that stands to enable NSN to reclaim the position it lost to Huawei as the world’s second-largest mobile network infrastructure provider behind Ericsson, writes FT. Motorola CEO Greg Brown said combining the network infrastructure assets of NSN with those of his company would create an industry “power player” and that the deal will not affect the timing of Motorola’s plans to split into two independent companies early 2011. The assets that NSN is buying from Motorola generated sales of USD3.7 billion in 2009, FT writes. Approximately 7,500 Motorola employees will transfer under the deal, which is due to be completed by the end of this year.

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