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China Clears Nokia Siemens Networks’ Deal for Motorola Unit

China clears way for Nokia Siemens Networks to complete its acquisition of Motorola’s cellular networks business. The deal was complicated by a delay from Chinese regulators and then a lawsuit from competitor Huawei. Huawei filed a lawsuit in a U.S. court in January to halt the deal. Huawei had provided confidential information to Motorola in order to help develop its cellular communication networks. The acquisition was expected to make it the number three wireless network equipment vendor in the US. The deal is expected to close on April 29.”]

Source: https://www.csoonline.com/article/2128185/china-clears-nokia-siemens-networks–deal-for-motorola-unit.html

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