Nokia Siemens Network Expects To Close Motorola Deal In Q1

Telecom equipment maker Nokia Siemens Network expects to close a deal for Motorola's network arm in the first quarter of this year, the company’s chief executive has said.

In an interview with Reuters, Nokia Siemens Network (NSN) CEO Rajiv Suri said that the company continues to cooperate with Chinese regulators and hopes to clear the deal during Q1 2011.

Nokia Siemens Network, a telecom equipment joint venture between Nokia and Siemens, agreed to purchase Motorola’s network equipment arm for $1.2 billion.

Meanwhile, rival Huawei procured a temporary court order barring Motorola from selling its intellectual property to NSN, but the company maintains that it has no interest in Huawei's intellectual property.

“We don't need that information, we don't want it, and we fully respect the intellectual property rights of others,” Michael Matthews, head of NSN's strategy and business development, said in a blog post.

NSN CEO Suri also revealed that the company continues to hold talks with private equity firms interested in buying a stake in the company.