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Nokia Siemens Networks to Acquire WNI Assets of Motorola for US $1.2 Billion 2010.07.24

Espoo, Finland / Schaumburg, Illinois, USA - July 19, 2010 - Nokia Siemens Networks and Motorola, Inc. today jointly announced that the companies have entered into an agreement under which Nokia Siemens Networks will acquire the majority of Motorola's wireless network infrastructure assets for USD 1.2 billion in cash. The companies expect to complete closing activities by the end of 2010.

Nokia Siemens Networks: “5 Billion Short”
Photo: Nokia Siemens Networks
 

July 19, 2010

Espoo, Finland / Schaumburg, Illinois, USA



Nokia Siemens Networks to Acquire Certain Wireless Network Infrastructure Assets of Motorola for US $1.2 Billion


Nokia Siemens Networks and Motorola, Inc. today jointly announced that the companies have entered into an agreement under which Nokia Siemens Networks will acquire the majority of Motorola's wireless network infrastructure assets for USD 1.2 billion in cash.

The companies expect to complete closing activities by the end of 2010, subject to customary closing conditions including regulatory approvals.


- Transaction expected to significantly strengthen Nokia Siemens Networks' presence globally, particularly in the United States and Japan.

- Nokia Siemens Networks targeting to gain incumbent relationships with more than 50 operators and strengthen relationships with others.

- Acquisition to enhance position of Nokia Siemens Networks in key wireless technologies; will give company large global footprint in CDMA.

- Motorola retains the iDEN business, substantially all the patents related to its wireless network infrastructure business, and other selected assets.

- The companies expect to complete closing activities by the end of 2010.

Rajeev Suri, Chief Executive Officer of Nokia Siemens Networks.
Photo: Nokia Siemens Networks
 
"This is an exciting acquisition that I believe has significant benefits for customers, employees and our shareholders," said Rajeev Suri, Chief Executive Officer of Nokia Siemens Networks.
"Motorola's current customers will continue to get world-class support for their installed base and a clear path for transitioning to next generation technologies while employees will join an industry leader with global scale and reach. Nokia Siemens Networks will see the benefits of a deal that is expected to enhance profitability and cash-flow and to have significant upside potential."

Greg Brown, Co-CEO of Motorola.
Photo: Motorola
 
"Motorola is very proud of the operational and financial performance of our Networks business and its employees, who will now become a valuable addition to Nokia Siemens Networks. We are excited to have reached this agreement to combine our Networks team with such an industry leader," said Greg Brown, Co-CEO of Motorola.
"This is great news for our customers, our investors and our people and will allow us to sharpen our strategic focus on providing mission and business critical solutions for our government, public safety, and enterprise customers."

Nokia Siemens Networks: “5 Billion Short”
Photo: Nokia Siemens Networks
 
As part of the transaction, Nokia Siemens Networks expects to gain incumbent relationships with more than 50 operators and to strengthen its position with China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.

"We are pleased to be able to add new relationships with some customers, and reinforce our position with others," said Suri.
"I believe the addition of Motorola's Networks business will significantly strengthen our worldwide presence, enhance our scale in the United States, Japan and other priority regions and reinforce our leadership position in the global wireless sector."

Richard J. Lynch, Executive Vice President and Chief Technology Officer of Verizon. 
Photo: Verizon
 
"Verizon views today's announcement as good news for the global wireless industry," said Richard J. Lynch, Executive Vice President and Chief Technology Officer of Verizon.
"This deal brings together two important Verizon suppliers; we look forward to our continuing work with Nokia Siemens Networks."

Nokia Siemens Networks: “5 Billion Short”
Photo: Nokia Siemens Networks
 
Nokia Siemens Networks
expects that based on revenue, with the addition of the Motorola wireless network infrastructure business, it will become the #3 wireless infrastructure vendor in the United States, the #1 foreign wireless vendor in Japan, and strengthen its current #2 position in the global infrastructure segment.

Motorola's networks infrastructure business provides products and services for wireless networks, including GSM, CDMA, WCDMA, WiMAX and LTE.

This business is a market leader in WiMAX, with 41 contracts in 21 countries; has a strong global footprint in CDMA with 30 active networks in 22 countries; and a robust GSM installed base, with more than 80 active networks in 66 countries; and excellent traction with LTE early adopters.

Bosco Novak, head of Customer Operations at Nokia Siemens Networks.
Photo: Nokia Siemens Networks
 
"As customers look to transition from CDMA networks to next generation technologies, the addition of the Motorola wireless network infrastructure business is targeted to ensure that we are well placed to meet those needs," said Bosco Novak, head of Customer Operations at Nokia Siemens Networks.
"Together, we will utilize the combined strength of Nokia Siemens Networks' TD-LTE solutions and Motorola's WiMAX and LTE businesses, to better meet customers' evolving technology and business needs."

Nokia Siemens Networks: “5 Billion Short”
Photo: Nokia Siemens Networks
 
Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorola's wireless network infrastructure business when the transaction closes, including large research and development sites in the United States, China and India.

Motorola retains the iDEN business, substantially all the patents related to its wireless network infrastructure business and other selected assets.

The companies expect to complete closing activities by the end of 2010 and therefore do not expect the transaction to have any impact on Nokia Siemens Networks' financial performance in 2010.

Nokia Siemens Networks and Motorola also are exploring a global relationship in the public safety arena.
This relationship would combine Motorola's leadership in providing solutions to public safety organizations with Nokia Siemens Networks' commercial LTE solutions.


About Nokia Siemens Networks


Nokia Siemens Networks is a leading global enabler of telecommunications services.

 
 
With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services.
It is one of the largest telecommunications hardware, software and professional services companies in the world.

Operating in 150 countries, its headquarters are in Espoo, Finland.

www.nokiasiemensnetworks.com  

Talk about Nokia Siemens Networks' news at

http://blogs.nokiasiemensnetworks.com  

and find out if your country is exploiting the full potential of connectivity at

http://connectivityscorecard.org  


About Motorola


Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects.

 
 
From broadband communications infrastructure, enterprise mobility and public safety solutions to mobile and wireline digital communication devices that provide compelling experiences, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile.

Motorola (NYSE: MOT) had sales of US $22 billion in 2009.

For more information, please visit

www.motorola.com  


Media Inquiries

Nokia Siemens Networks
Ben Hunt, Communications
Phone: +44 7508 002382
E-mail: ben.hunt@nsn.com

Motorola
Jennifer Erickson, Communications
Phone: +1 847 435 5320
E-mail: jennifer.erickson@motorola.com


http://www.nokia.com/press/press-releases/showpressrelease?newsid=1432453  

http://www.nokiasiemensnetworks.com/news-events/press-room/press-releases/nokia-siemens-networks-to-acquire-certain-wireless-network-inf  




Bosco Novak

Customer Operations, Nokia Siemens Networks
Executive Board Member


Bosco Novak
Photo: Nokia Siemens Networks
 
• Responsible for Customer Operations at Nokia Siemens Networks


Master’s degree in electrical engineering from Universität der Bundeswehr in Germany


• Chief Market Operations Officer, Nokia Siemens Networks, April 2009-December 2009

• Head of Human Resources, Nokia Siemens Networks, July 2006-March 2009

• Senior Vice President Global Services, Nokia Networks, January 2005-July 2006

• Vice President Strategy and Quality, Nokia Networks, 2003-2005

• Area Vice President of Customer Operations with T-Mobile, Nokia Networks, 2001-2003

• Managing Director, later Area Vice President for Nokia in Austria, Switzerland and Germany, Nokia Networks, 2000-2001

• Ericsson, 1991-1999


Biography


With more than 20 years of international experience, Bosco is known to be a results-oriented leader who is passionate about the telecommunications industry.
With a hands-on management style, Bosco has a record of driving growth and developing great teams.
He connects with customers and colleagues at a personal level and is highly committed to customer delight.

Bosco is Chief of Customer Operations at Nokia Siemens Networks.
In this role he is responsible for global Marketing and Sales as well as the service execution for all customers.
As a member of Nokia Siemens Networks’ Global Executive Board, Bosco reports directly to the company’s CEO, Rajeev Suri.

Prior to that role, Bosco headed Human Resources at Nokia Siemens Networks, playing an essential role in the successful integration of the company by leading the development of the new company values and the deployment of globally integrated people processes.

Before the formation of Nokia Siemens Networks in April 2007, Bosco was Senior Vice President for Nokia Networks’ global Services business.
He has also held a number of customer-focused leadership roles both at Nokia, which he joined in 2000, and Ericsson, where he worked from 1991-1999.

At Nokia, Bosco started as Managing Director and later in the same year became Area Vice President for Nokia in Austria, Switzerland and Germany.
In 2001 he became Area Vice President of Customer Operations with T-Mobile.
In 2003, Bosco was appointed Vice President Strategy and Quality, Nokia Networks, and held this role until he took on responsibility for the global Services business in 2005.

Bosco was born in 1960, in Münster, Germany, and holds a master’s degree in electrical engineering from Universität der Bundeswehr in Germany.

In his spare time Bosco enjoys travelling and ballroom dancing.

Based in Munich, he is married and has three grown children.


http://www.nokiasiemensnetworks.com/news-events/press-room/collateral/management-team/customer-operations  




Rajeev Suri

Chief Executive Officer (CEO), Nokia Siemens Networks
Executive Board Member



Rajeev Suri
Photo: Nokia Siemens Networks
 
• Previously Head of Services, Nokia Siemens Networks, 2007-2009

• Joined Nokia in 1995, and has held numerous executive level positions in the company


Bachelor of Engineering in Electronics and Telecommunications, Manipal Institute of Technology, Mangalore University, Karnataka, India


• Head of Services, Nokia Siemens Networks, August 2007 to September 2009

• Head of Asia Pacific, Nokia Siemens Networks, April to November 2007

• Senior Vice President of Nokia Networks Asia Pacific, 2005-2007

• Vice President, Hutchison Customer Business Team, Nokia Networks, 2003-2005

• General Manager, Business Development, Nokia Networks Asia Pacific, 2003

• Sales Director – BT, O2 and Hutchison Global Customers, Nokia Networks, 2002

• Director, Technology and Applications, BT Global Customer, Nokia Networks, 2000-2001

• Head of Global Competitive Intelligence, Nokia Networks, 1999-2000

• Head of Product Competence Center, Nokia Networks South Asia, 1997-1999

• System Marketing Manager, Cellular Transmission, Nokia Networks India, 1995-1997

• Head of Group Procurement, imports and special projects, Churchgate Group, Nigeria, 1993-1995

• National Account Manager – Transmission / Manager – Strategic Planning, ICL India (ICIM), 1990-1993

• Production Engineer, Calcom Electronics, 1989


Biography


With more than 20 years of international experience, Rajeev is a leader who is passionate about the telecommunications industry.
He is known to challenge existing business paradigms and is highly committed to customer satisfaction. Rajeev has strong discipline of execution, believes in unconventional thinking and has a reputation as a dynamic and result-oriented leader.
He is a people person and is known for relentlessly building strong and diverse teams.

As Head of Services from August 2007 until September 2009, Rajeev drove the transformation of Nokia Siemens Networks’ Services business.
Under his leadership, Services saw its share of company revenue grow from under 33% to around 45%, and Professional Services grow at best-in-class levels in the industry.

Rajeev oversaw the creation of a new Services hub in India and established an industry-first Global Service Delivery model, underpinned by automation and serving customers across the world from three Global Network Solutions Centers.

Prior to heading Services, Rajeev was head of Nokia Siemens Networks Asia Pacific (April 2007 until November 2007).

From 1995 to March 2007, Rajeev worked with Nokia Networks where he held a number of executive positions in Business Development, Marketing, Sales, and Strategy and was based in various locations including India, Finland, the United Kingdom and Singapore. Rajeev was responsible for a portfolio of Nokia’s infrastructure customers in Europe and key new growth markets.

He transformed the global Nokia relationship with Hutchison group to bring it to a strong new level, and significantly expanded Nokia’s market share during his European assignments.

Rajeev also delivered Nokia’s first third generation networks for Hutchison’s European operations. In addition, Rajeev was instrumental in negotiating large deals and successfully managing complex financial exposures.

Prior to joining Nokia, Rajeev worked with ICL in India and RPG Group in corporate business development for new ventures and strategic planning.

He also worked for a large conglomerate in West Africa where he was heading their corporate commercial and international imports division.

Born in 1967, Rajeev has a Bachelor of Engineering (Electronics and Telecommunications) from Mangalore University, India.

In his spare time, Rajeev is a voracious reader, enjoys music, plays tennis and likes to explore new places and cultures with his family.

Based in Espoo, Finland, he is married and has two children.


http://www.nokiasiemensnetworks.com/news-events/press-room/collateral/management-team/chief-executive-officer  



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