Motorola Network Ops Acquired By Nokia Siemens in the Success of EU Nod

Nokia Siemens Networks has won the European Union regulatory approval this Wednesday and has been granted the rights to acquire Motorola's mobile telecom network equipment business for $1.2 billion, in a deal intended to literally elevate its presence in Japan and North America. This acquisition might form to be a source of aid to Nokia Siemens Networks as well, as this joint takes the shape of a joint venture of Nokia and Siemens. This endeavor is expected to gain a source of competition among rivals and bring superiority among companies like Sweden's Ericsson, China's Huawei and France's Alcatel-Lucent.

The European Commission, the watchdogs for the actual EU competition, stated that the each of the product portfolios were in one way or the other a slightly overlapping whereas the Motorola business being bought only had a partial presence in the European Economic Area.

Later on, another statement was released emphasizing on the market for the mobile network equipment operated on a bidding basis, with complex buyers, he said that "The Commission found that the combined entity would continue to face a number of large and effective competitors," it said, pointing out that the market for mobile network equipment operated on a bidding basis, with sophisticated buyers.