Nokia Siemens Networks waits on approval from anti-monopoly regulator in China but has the go-ahead from all other countries
Nokia Siemens Networks (NSN) says it expects to complete the acquisition of the majority of Motorola’s wireless infrastructure business by the end of March, after getting the all clear from regulators in the US, EU, Brazil, Japan, Russia, South Africa, Taiwan and Turkey.
However NSN, which had initially expected to complete the transaction by the end of 2010, is still waiting to gain approval from the Anti-Monopoly Bureau of the Ministry of Commerce of China, which is continuing its review process.
NSN chief executive Rajeev Suri said: “This delay is disappointing, but we’re looking forward to completing the acquisition.
“We are continuing to work closely with the authority in china to finalise the clearance process in that country. We recognise its efforts in addressing this case as a matter of importance.”
Should the move go ahead about 7,500 employees are expected to transfer to NSN from Motorola’s public carrier, with the largest number from the US, China and India.