Nokia Siemens said to renegotiate 1.2 billion dollars from Motorola transaction-BusinessWeek

EDT by Serena Saitto and Diana Ben-Aaron

15 March (Bloomberg)--Nokia Siemens Networks seek to renegotiate 1.2 billion dollar purchase of assets from Motorola Wireless Network Solutions Inc., according to two people close to the situation.

Equipment for network joint venture between Nokia Oyj and Siemens wants to exclude global system for mobile communications, or GSM, a unit of the acquisition and renegotiate the price accordingly in order to win the US antitrust approval from the Chinese Government, said one of the peoplewho refused to be identified because the talks are private. Espoo, Finland-based company said 9 March that the transaction to close in the first quarter, leading the second delay in three months. Motorola solutions, said the Chinese Government extends its period of another 60 days. Purchase, in July, when two companies directed year close, won the approval of regulators of the United States and the European Union. Ben Roome, spokesman of Nokia Siemens Networks, refused to comment. Šaumburg, Illinois-based Motorola solutions spokesman Nick Sweers could not be reached after office hours. the purchase is aimed at buttressing Nokia Siemens position as the second largest producer in the world of equipment for a wireless network, competing with Huawei Technologies co. and the Paris-based Alcatel-Lucent are based on the Stockholm market leader Ericsson ABon China. It will bring more than 50 accounts of existing or new customers, significantly expanding the scope in the United States and Japan, Nokia Siemens said when it announced the transaction. Chinese ObjectionThe, Chinese us antitrust review comes after Huawei, China's largest producer of telecommunication equipment, is head of Motorola and Nokia Siemens Jan 24 says Motorola does not provide guaranteesthat will prevent disclosure of Huawei Technologies and products for Nokia Siemens. Motorola is sold to Huawei wireless networking products under the name Motorola Last month of 2000., Huawei had to withdraw its purchase of Santa Clara-based 3Leaf Systems ' patents, in accordance with the recommendation of the Committee on foreign investment in the United States because of concerns about national security.

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