Skadden Reps Nokia Siemens In $1.2B Motorola Buy

Law360, New York (July 19, 2010, 11:25 AM EDT) -- Nokia Siemens Networks BV agreed to pay $1.2 billion to buy most of Motorola Inc.'s wireless network infrastructure Monday in a move that will boost the Finnish-German telecommunications joint venture's presence in Japan and the U.S.

The deal, expected to close by the end of the year, will give Nokia Siemens a strong stake in the CDMA market, the dominant cellular network standard in North America and much of Asia, the companies said.

Nokia Siemens, a joint venture between Finland's Nokia Corp. and Germany's Siemens AG,...
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