Nokia Siemens to Acquire Motorola’s Network Business

Skadden is representing Nokia Siemens Networks (NSN), the world’s second-largest manufacturer of mobile network equipment, in its agreement with Motorola Inc. to acquire Motorola’s wireless network infrastructure assets for $1.2 billion in cash. The deal, which was announced on July 19, 2010, is expected to close by the end of the year, pending regulatory approvals. As part of the transaction, NSN expects to gain incumbent relationships with more than 50 operators, which would strengthen its position with China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.