Nokia in Talks to Buy Motorola's Telecom Equipment Arm

Nokia Siemens Networks is in talks to buy the telecom-equipment arm of Motorola Inc, according to the Wall Street Journal. Quoting people familiar with the matter, the Journal said a deal could be worth $1.1 billion to $1.3 billion and could be reached in the next few weeks. Nokia Siemens Networks is a joint venture of Nokia Corp of Finland and Siemens AG of Germany.

Via email, Motorola spokeswoman Tama McWhinney declined to comment, saying the company does not comment on rumors. Siemens was not immediately available for comment.

Published Date: Jul 14, 2010 10:21 am | Updated Date: Jul 14, 2010 10:21 am