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.
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.
- 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