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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared WRAPUP 5-Engineers detect seepage near BP oil well 18 Jul 2010 WRAPUP 5-Engineers detect seepage near BP oil well 18 Jul 2010 Engineers detect seepage near BP oil well | Video 3:04am EDT Ancient ship unearthed at World Trade Center site 15 Jul 2010 Google shares could jump 35 percent - Barron's 18 Jul 2010 Zsa Zsa Gabor to have surgery after breaking hip in fall 18 Jul 2010 Airbus and Boeing to bare teeth at Farnborough | Video 3:22am EDT China should cut U.S. Treasury holdings: economist 18 Jul 2010 Fidel Castro appears again, warns of war 16 Jul 2010 RIM says Apple claims about BlackBerry unacceptable 18 Jul 2010 WRAPUP 5-Engineers detect seepage near BP oil well 18 Jul 2010 Money worries and "broken promises" at AIDS conference 18 Jul 2010 Engineers detect seepage near BP oil well | Video 3:04am EDT China closes oil port after spill; PetroChina cuts output 12:27am EDT WRAPUP 5-Engineers detect seepage near BP oil well 18 Jul 2010 Ancient ship unearthed at World Trade Center site 15 Jul 2010 RIM says Apple claims about BlackBerry unacceptable 18 Jul 2010 Google shares could jump 35 percent - Barron's 18 Jul 2010 China should cut U.S. Treasury holdings: economist 18 Jul 2010 Airbus and Boeing to bare teeth at Farnborough | Video 3:22am EDT Motorola nears unit sale to Nokia Siemens: source Digg This Tweet This Share on LinkedIn Share on Facebook Related News UPDATE 2-Motorola nears unit sale to Nokia Siemens -source Sun, Jul 18 2010 AIG to name ex-Pru CEO to head AIA unit: source Sun, Jul 18 2010 Motorola nears unit sale to Nokia Siemens -WSJ Sun, Jul 18 2010 Private equity firms still circling Radioshack: sources Fri, Jul 16 2010 UPDATE 1-Private equity firms still circling Radioshack-sources Fri, Jul 16 2010 Related Topics Technology » iPad » Deals » Inflows Outflows » Media » Signage for Motorola is displayed outside their office building in Tempe, Arizona October 29, 2009. Credit: Reuters/Joshua Lott By Jessica Hall PHILADELPHIA | Sun Jul 18, 2010 6:21pm EDT PHILADELPHIA (Reuters) - Motorola Inc is close to selling most of its wireless-network equipment business to Nokia Siemens Networks for $1.2 billion, a source familiar with the matter said on Sunday. Nokia Siemens Network, a joint venture of Finland's Nokia Corp and Germany's Siemens AG, would buy Motorola's network unit under the deal, which could be announced as early as Monday, the source said. Motorola plans to keep its iDen technology, which works for walkie-talkie types of communications, the source added. Motorola, which has been losing market share in cellphones for years, is splitting into two units: one comprising phones and set-top boxes, and the other its enterprise and network equipment business. NSN was in the running last year to buy a larger chunk of Motorola, before the U.S. group decided on the split, sources close to the situation told Reuters at the time. NSN also tried last year to buy two separate units of bankrupt Canadian telecoms equipment maker Nortel Networks Corp, but was trumped on both occasions, once by mobile networks market leader LM Ericsson and once by Ciena Corp. Earlier this month, one analyst questioned NSN's move to buy Motorola's network assets, which are mainly based on the GSM standard, rather than on the Nortel CDMA and LTE-standard assets that NSN tried to buy. GSM is the world's most widespread wireless standard but CDMA is prevalent in North America and parts of Asia. Motorola declined to comment on the news, which was first reported by the Wall Street Journal. The source is anonymous because the deal is not public. (Reporting by Jessica Hall and Paritosh Bansal; editing by Gunna Dickson) Technology iPad Deals Inflows Outflows Media Comments See All Comments (1) | Post Comment Jul 18, 2010 11:22pm EDT Motorola and Nokia – two companies getting run over in the smartphone world STORYBURNeasy Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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