NSN frustrated with further delays to Motorola acquisition

NSN today issued a statement saying its acquisition of Motorola’s wireless networks infrastructure assets, originally announced on July 19, 2010, is still pending anti-trust approval from the Chinese regulatory authorities. “Closing activities will not be completed in the first quarter of 2011 as previously targeted,” NSN commented in a statement.

It also confirmed the proposed acquisition has entered phase three of the review process with the Anti-Monopoly Bureau of the Ministry of Commerce in China (MOFCOM).

“Nokia Siemens Networks remains committed to the acquisition but will provide no further guidance on when it is likely to be completed,” it added