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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Nokia Siemens delays Motorola purchase AFP - Thursday, March 10 Send IM Story Print Nokia Siemens delays Motorola purchase Slideshow: Full Photo Coverage: Personal Technology HELSINKI (AFP) - – Finnish-German giant Nokia Siemens Networks (NSN) said Wednesday its purchase of Motorola's wireless network infrastructure assets would be delayed again, with no timeline specified for completion of the deal. "Nokia Siemens Networks remains committed to the acquisition but will provide no further guidance on when it is likely to be completed," the company said in a statement, adding it was still waiting for approval from Chinese regulatory authorities. The companies announced on July 19 that NSN would buy most of Motorola's wireless network infrastructure assets for $1.2 billion (926 million euros), bolstering its ranking to world number two in the industry behind Sweden's Ericsson. When NSN originally announced the deal, it expected it to be completed by the end of 2010 but this was delayed until the end of the first quarter of 2011 as it waited for Chinese anti-trust approval. In February, NSN's Chinese competitor Huawei won a lawsuit in the United States against Motorola, in which it sought to prevent the transfer of its intellectual property to NSN through the network infrastructure purchase. Huawei said Motorola was in possession of its intellectual property thanks to a decade-long partnership in the network business. For its part, Motorola sued Huawei last July, accusing it of illegally obtaining confidential information about its employees. All other necessary regulatory approvals for the transaction have been obtained. On December 15, the European Commission gave the green light to the transaction, saying it would "not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it." The deal has also received the approval of regulators in the United States, Brazil, Japan, Russia, South Africa, Taiwan and Turkey. The news did not affect Nokia shares, currently at lows last seen in 1998. At 1030 GMT, Nokia was up 2.56 percent to 6.21 euros, on a Helsinki Stock Exchange up 1.26 percent. Send IM Story Print Related Articles Harvard professor wins Turing Award AFP - 22 minutes ago Microsoft sells 10 million Kinect devices Reuters - 30 minutes ago US-TECH Summary Reuters - 1 hour 23 minutes ago Obamas take Facebook stand against bullying AFP - Thursday, March 10 Nokia Siemens delays Motorola purchase AFP - Thursday, March 10 News Search Top Stories Veteran US shuttle ends historic spaceflight career Wall Street tycoon driven by greed: prosecutors Egypt government warns of 'counter-revolution' Insurer Prudential eyes Asian growth after doubling profits Libya: live report More Top Stories » Related Full Coverage Personal TechnologyMobile phones & personal gadgets All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Mass fish death in California harbor Lack of sleep can make you overly optimistic: study NASA scientists in row over 'alien microbes' Spider-Man comic sells for $1.1 mln Cathay Pacific orders 27 Airbus and Boeing planes More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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