Motorola is in serious talks with Nokia Siemens Networks to snap up its telecoms division, the Wall Street Journal reports.
The deal is close to completion, the WSJ said, citing people “familiar with the matter”. It could mean Nokia Siemens doles out over $1 billion for the telecoms unit.
What’s in it for Nokia Siemens? It would give the company access to Motorola customers preparing to upgrade and would also cock a snook at Chinese company Huawei. Huawei, apparently, was also interested in taking over this chunk of Motorola but faces obstacles because its chinese.
Nokia Siemens wants to break into the North American market and tried to buy some of the Nortel stuff that was up for grabs after bankruptcy.
The Motorola networks division makes a profit and has a number of big ticket customers including Sprint Nextel and Verizon Wireless.
The Wall Street Journal report is here (subscription required). Pictured is Rajeev Suri, the CEO of Nokia Siemens Networks.