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Edition: U.S. Article Comments (7) Save Email Print Reprints Most Popular Most Shared WRAPUP 5-Engineers detect seepage near BP oil well 18 Jul 2010 Clintons in tears over Chelsea? 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You can bet on it 10:53am EDT Google shares could jump 35 percent - Barron's 18 Jul 2010 Money worries and "broken promises" at AIDS conference 18 Jul 2010 Nokia Siemens buys Motorola network ops for $1.2 billion 10:02am EDT Ancient ship unearthed at World Trade Center site 15 Jul 2010 Nokia Siemens buys Motorola network ops for $1.2 billion Digg This Tweet This Share on LinkedIn Share on Facebook Factbox Top players in ailing mobile network gear market 9:45am EDT Related News Instant View: Nokia Siemens buys Motorola network ops 9:45am EDT 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 Tarmo Virki, European technology correspondent HELSINKI | Mon Jul 19, 2010 10:02am EDT HELSINKI (Reuters) - Nokia Siemens Networks will buy Motorola's telecom network equipment business for $1.2 billion, getting a stronghold in the North American market and taking No 2 position in the cut-throat mobile gear market. The deal will leave only a few players in the consolidating sector, with Ericsson, China's aggressive newcomer Huawei and NSN the strongest survivors. Nokia Siemens Networks -- a 50-50 joint venture of Nokia and Siemens -- has struggled to make a profit in the $82 billion market, which was hit hard by the recession. But under Chief Executive Rajeev Suri the group has started to seek growth more aggressively and fight back against market leader Ericsson and Huawei, former number two. An NSN spokesman said the cash deal would be financed from the company's existing reserves and financing agreements. Nokia Siemens Networks said it expects the deal to give it incumbent relationships with more than 50 telecom operators and to strengthen its position with major carriers like China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone. Motorola's mobile network business controls just 3 percent of the global market, but it is a market leader in WiMAX technology, and has a strong footprint in CDMA technology -- giving Nokia Siemens a good position to sell next generation network technologies. "The acquisition is timely given Nokia Siemens' ambition to grow its revenues in North America," said Paolo Pescatore, analyst with British consultancy CCS Insight. Nokia Siemens tried to build a position in North America through an acquisition last year, but lost out on two major auctions of assets from bankrupt Canadian rival Nortel: first to Ericsson and then to Ciena Corp. Both companies paid 0.57 times annual revenues for the Nortel business units. Nokia Siemens is paying 0.32 times annual revenues of $3.7 billion at the acquired Motorola business. SHRINKING MARKET Some analysts questioned the deal due to Motorola's tiny market share -- just 3 percent globally -- and due to tricky integration of 7,500 staff and multiple product lines. "It is a desperate attempt to gain market share in the U.S. after the twice failed attempts to buy Nortel's CDMA and Metro Ethernet businesses," said Earl Lum, founder and chief of industry research firm EJL Wireless. "The integration of the personnel and the manufacturing facilities and supply chain will prove to be challenging in addition to the differences in corporate cultures," he said. Nokia Siemens has struggled to take a larger share of North American business on its own. Revenues shrank 9 percent in the first quarter to 153 million euros ($198.5 million), making up just 6 percent of the group total. In contrast, Ericsson generated revenues of 9.5 billion Swedish crowns ($1.3 billion) in North America the same quarter, 21 percent of the group total, helped by its Nortel asset buy. The deal makes Nokia Siemens the third largest player in North America after Ericsson and Alcatel-Lucent. Market research firm Gartner has predicted the overall market to shrink 2 percent this year after a 7-percent fall in 2009, and even the most optimistic industry players see only slight growth ahead. Smaller vendors, like Motorola, have already focused on picking a limited number of deals and technologies they can succeed in -- especially after Canada's Nortel filed for bankruptcy last year. Shares in Nokia were 1.6 percent higher at 6.88 euros, while in the United States Motorola stock was 1.3 percent higher at $7.60 by 1338 GMT. Nokia Siemens Networks and Motorola said they were also exploring combining Motorola's public safety offering with NSN's commercial LTE solutions. (Additional reporting by Brett Young and Terhi Kinnunen in Helsinki, and Georgina Prodhan in London; Editing by Samia Nakhoul) ($1=7.334 SWEDISH CROWN) ($1=.7706 EURO) Technology iPad Deals Inflows Outflows Media Comments See All Comments (7) | Post Comment Jul 19, 2010 8:11am EDT The weak dollar makes it really easy for foreign companies to buy some of America’s largest corporations. That is very difficult to accept. The damage the Bush Administration did to this country is irrepairable. AlexVallas Report As Abusive Jul 19, 2010 8:45am EDT This is not about a weak dollar but about the tough competition in a Telco industry, driven mainly by Chinese low cost vendors such as Huawei, ZTE (subsidise by Chinese gov.) NSN is European based company and EUR got pretty weak recently > so no really an advantage for this acquisition. It is, to some extent, a good news for the American market > Huawei will stay out (with all its spy affairs, e.g. in India they are banned to supply any equipment). Profiv Report As Abusive Jul 19, 2010 9:10am EDT @Profiv: I fail to see how this is good news for the American market? 1. NSN has a badly tarnished image after it was found to have supplied Iran with technology that helped the Iranian regime to track down dissidents after last year’s violent public demonstrations. NSN was admonished by the European Union for this deal. The result of this official EU condemnation was the removal of NSN lobbyist and its Director for Corporate Affairs. 2. Siemens, the 50% partner in NSN was blacklisted by the World Bank(WB) in 2009 for corruption at its Russian arm. Siemens has been barred from taking part in any WB tenders until year end 2010. Do the Americans really want to have such a company to supply networks equipment to the operators in the USA? Would it not be proper for the United States National Security Agency or the CIA to look into the security aspects of this deal and demand adequate safeguards from NSN taking into view the above mentioned facts about NSN’s recent past? ulludapattha Report As Abusive Jul 19, 2010 9:27am EDT It is a very simplify view on problems with non-democratic countries. Each network is supervised, the feature is called Lawful Interception and it is mandatory requested by country regulators throughout the world (especially in the U.S. :) Profiv Report As Abusive Jul 19, 2010 9:42am EDT “1. NSN has a badly tarnished image after it was found to have supplied Iran with technology that helped the Iranian regime to track down dissidents after last year’s violent public demonstrations.” They sell same stuff to all, it´s not NSN fault that Iran use it for tracking, you are a troll! FSC Report As Abusive Jul 19, 2010 9:44am EDT Finally there is gona have some knowledge about networks in USA, your networks suck big time.. like iPhone antennas..=) FSC Report As Abusive Jul 19, 2010 10:21am EDT This is how the condemnation of NSN by the EU was reported by Business Week on June 3, 2010. “Nokia-Siemens Rues Iran Crackdown Role An executive with the telecom equipment joint venture told an EU human rights hearing that the company regretted supplying technology used to suppress dissent” After the scandal surfaced NSN got rid of the non-standard “Monitoring Center” component included in the “Nokia Lawful Interception Gateway” technology supplied to Iran. That component is no longer included in Nokia’s Lawful Interception technology packet. NSN sold it to a small company in Europe. 1.Why would NSN get rid of this additional “Monitoring Center” component if it was totally normal or ethically proper? 2.And why would NSN express regret before the EU if the technology supplied to Iran was morally acceptable? 3. And, finally, why would NSN remove its lobbyist at the EU soon after this scandal at the EU? ulludapattha Report As Abusive See All Comments (7) 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. 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