Nokia Siemens buys Motorola's networking branch
Nokia and Motorola have just made one of the biggest deal in the history of mobile phones business: Motorola gets badly needed $1.2b cash and Nokia gets its networking division, which will help it expands its mobile technology, especially on the US market. The part of Motorola acquired by Nokia is responsible for technology of wireless transmission of signals through GSM and CDMA networks around the planet, except for Motorola's "push to talk" technology now licenced to Sprint Nextel. Nokia will also gain some 7500 former Motorola employees.
Both companies benefit from the deal as Motorola was going to split into two separate companies anyway (and mainly focus on mobile phones) and was looking for funds to cover the process, while Nokia keeps trying to expand its presence on the US market. Acquiring Motorola's networking branch will give Nokia access to Verizon, the biggest US mobile operator.
Further Detail (Item Link) || Source: My-Symbian
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