Nokia Siemens ringing up the right numbers

BEIJING - Nokia Siemens Networks - a joint venture between Nokia Oyj and Siemens AG - will complete its acquisition of Motorola Inc's network equipment assets on April 29.

The completion comes after the company finally got the green light from all nine antitrust regulators worldwide, according to Nokia Siemens' China president. The deal was approved by China's Ministry of Commerce on Wednesday.

The $975 million acquisition will give Nokia Siemens access to Motorola's technology in second-generation (2G) mobile telecommunications and the latest fourth-generation (4G) TD-LTE (Time Division-Long Term Evolution) equipment, said Zhang Zhiqiang, president of Nokia Siemens Greater China region.