Nokia Siemens Networks said July 19 that it had agreed to buy the wireless-network equipment division of Motorola  for $1.2 billion in cash, the New York Times reports. Nokia Siemens, which makes telecommunications equipment, is a joint venture of Nokia of Finland and Siemens of Germany. Nokia, one of the world’s largest mobile phone makers, has struggled to maintain its footing in the cell phone industry as rivals like Apple and HTC of Taiwan have gained market share. The Motorola unit that Nokia Siemens is buying supplies wireless carriers with the equipment needed to build and maintain cellular networks, including infrastructure for the fourth-generation mobile technologies known as LTE and WiMax…

Click here for the full story

About the Author:

Maya Prabhu