Motorola nears unit sale to Nokia Siemens -WSJ

NEW YORK, July 18 (BestGrowthStock) – Motorola Inc (MOT.N: ) is close
to selling most of its wireless-network equipment business to
Nokia Siemens Networks [NOKI.UL] for $1.2 billion, the Wall
Street Journal reported on Sunday, citing people familiar with
the matter.

The report on www.wsj.com said an announcement could be
made as early as Monday on a deal that would offer Nokia
Siemens Networks a long-coveted foothold in Japanese and U.S.
markets.

Under the proposed deal, Nokia Siemens Network, a joint
venture of Finland’s Nokia Corp (NOK1V.HE: ) and Germany’s
Siemens AG (SIEGn.DE: ), would buy Motorola’s network unit, the
newspaper reported.

The unit includes equipment that wirelessly transmits voice
data and video on both the CDMA and GSM technologies used
around the world.

The report cited the people familiar with the deal as
saying Motorola plans to keep its “push to talk” technology
known as iDEN, which is used by Sprint Nextel (S.N: ) in the U.S.
and Nextel International in Latin America in phones with
two-way radios.
(New York Equities desk +1-646-223-6000; editing by Gunna
Dickson)

Motorola nears unit sale to Nokia Siemens -WSJ