Nokia Siemens Networks reiterates commitment to Motorola deal
Nokia Siemens Networks has clarified its position on a deal with Motorola.
Merger and acquisition consultants may be required by Nokia Siemens Networks, which recently clarified its current position on the delays affecting its plan to acquire Motorola's wireless networks.
The company has stated that it "remains committed" to the deal, which was originally announced in July 2010, but awaits the go-ahead from regulators in China.
Nokia added that closing activities will not be completed by the previous deadline of 2011's first quarter and no further guidance on this timeline will be provided.
It explained the acquisition has now entered the third stage of the review process with China's Anti-Monopoly Bureau, part of the country's Ministry of Commerce.
The clarification comes after Nokia was handed a Technology Innovation Award by the Fiber to the Home Council of Europe for its Next Generation Optical Access hardware last month.
By using a single optical fibre, the company claims it can provide broadband internet for up to 1,000 homes at speeds of one gigabit per second.