NSN, Moto Deal Gets Clearance

NSN turns a Q1 profit and gets the OK from Chinese regulators to proceed with its Motorola asset buy

Phil Harvey, Editor-in-Chief

April 21, 2011

1 Min Read
NSN, Moto Deal Gets Clearance

Nokia Networks is having a busy news day as the infrastructure vendor continues to be the subject of (old) rumors about new investments and new owners. (See Nokia Siemens Seeks Cash.)

The bastard child of Nokia and Siemens had its acquisition of Motorola Inc. (NYSE: MOT)'s assets approved by Chinese regulators, and it turned a small profit in the first quarter. Here is a link list for both news items to give you a catch-up on Thursday's happenings:

Chinese regulators approve sale of Motorola assets to Nokia Siemens.

For more

  • Euronews: April 21

  • Coming to Terms With the NSN/Moto Deal

  • NSN's Moto Acquisition Delayed – Again

NSN reports a (non-IFRS gross) profit of €854 million (US$1.2 billion), which is up slightly from the year-ago quarter but down 18 percent compared to the €1.04 billion ($1.5 billion) it reported in the final quarter of 2010.

For more

  • Nokia Posts Q1

  • Nokia Puts Microsoft Strategy Into Action

  • At Last: Ethernet Backhaul Booms for Carriers

  • CTIA 2011: NSN Makes Liquid Radio Splash

  • Signs of Growth at NSN

— Phil Harvey, Editor-in-Chief, Light Reading

About the Author(s)

Phil Harvey

Editor-in-Chief, Light Reading

Phil Harvey has been a Light Reading writer and editor for more than 18 years combined. He began his second tour as the site's chief editor in April 2020.

His interest in speed and scale means he often covers optical networking and the foundational technologies powering the modern Internet.

Harvey covered networking, Internet infrastructure and dot-com mania in the late 90s for Silicon Valley magazines like UPSIDE and Red Herring before joining Light Reading (for the first time) in late 2000.

After moving to the Republic of Texas, Harvey spent eight years as a contributing tech writer for D CEO magazine, producing columns about tech advances in everything from supercomputing to cellphone recycling.

Harvey is an avid photographer and camera collector – if you accept that compulsive shopping and "collecting" are the same.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like