NSN Acquisition Moto Asset extension

said that the Ministry of Commerce has entered the three-stage review of the Antitrust Bureau, the Ministry of Commerce did not declare the report (reporter Zhao Hu Hongwei) Yesterday, there are reports that the Ministry of Commerce rejected Nokia Siemens (hereinafter referred to as "NSN") acquisition of Motorola Wireless assets, the Ministry of Commerce has not made a statement　　Subsequently, NSN related departments issued a statement, said the merger case has entered the Chinese government Ministry of Commerce Antitrust Bureau of the third phase of the review, but the transaction time could not be completed in the first quarter of this year. The deal will be postponed after news that the Commerce Department will make a statement on the deal on March 9. Yesterday, reporters on the NSN mergers and acquisitions of the Ministry of Commerce, Ministry of Commerce News Office said that there is no such information.　　NSN, who issued a statement yesterday afternoon, said the deal had entered the third phase of the Chinese government's Ministry of Commerce's Anti-monopoly agency review, and NSN still promised to complete the transaction, but the deal time could not be completed in the first quarter of this year, and there is no expected time to complete the deal. In July 2010, NSN announced 1.2 billion dollars in cash to buy most of Motorola's wireless network infrastructure assets. The deal needs to be approved by 9 countries and territories worldwide, with two companies scheduled to complete their deals by the end of 2010. Currently, in addition to China, 8 other countries and regions have been approved for approval. Earlier, NSN hoped to be approved in the first quarter of this year to complete the deal.　　The deal will continue to be postponed as the Ministry of Commerce delays its stance. Huawei does not comment since 2000, Huawei has been the production of Motorola OEM communications equipment, through this cooperation, Motorola access to Huawei's production, technology research and marketing, such as a large number of confidential information. So far, Motorola's purchase amount from Huawei has reached about 878 million dollars.　　Earlier this year, Huawei filed a lawsuit against the U.S. District Court to prevent Motorola from illegally transferring Huawei's proprietary intellectual property to NSN, a Illinois State North District Court ruled that Motorola solutions would be barred from disclosing Huawei's confidential information to NSN. Huawei has no comment on NSN's failure to complete the acquisition on time, saying that NSN's acquisition of Motorola Wireless assets was irrelevant to Huawei.　　Huawei's previous lawsuit is only to prevent the acquisition of its own intellectual property rights leakage. Competing for "The World's second" telecom analyst Liang that Motorola's network business unit to sell the performance of the general, technology lag, is the Motorola for the spin-off has to peel off the bad assets. But through this acquisition NSN will be able to penetrate the U.S. and Japan market.　　NSN currently has a 6% per cent market share in North America, and the market share will rise to 14% after successful acquisitions to become the third largest wireless network provider in North America. According to the reporter understand, the global communications industry sales revenue second Huawei in Europe and Latin America market progress smoothly, but has been difficult to enter the U.S. market, while the U.S. market has been occupied by Nortel Networks, Ericsson and Motorola, Huawei had hoped to buy Nortel and Motorola into the United States, for various reasons failed。　　NSN's success in acquiring Motorola's wireless assets has made it the world's second largest market share of the telecoms industry. Opinion has a positive effect on the internationalization of Chinese enterprises to the Ministry of Commerce's delayed approval, Liang that the government's attitude will have a positive effect on China's future internationalization. Earlier, Chinese companies ' overseas mergers and acquisitions have been unusually bumpy. From Lenovo's acquisition of IBM notebooks to CNOOC's takeover of Unocal and a series of mergers and acquisitions such as the recent Huawei takeover of 3Leaf, they are often accused of trumped-up accusations such as foreign governments "threatening national security".