Nokia Siemens Networks (NSN) is reportedly seeking to renegotiate the terms of its US$1.2 billion acquisition of Motorola Solution’s wireless network assets. The company is facing difficulty getting approval from Chinese authorities and recently said that it would have to delay the completion of the transaction. It is also facing a legal challenge from Huawei in the USA over the Chinese vendor’s prior agreements with Motorola.
It is reported that NSN wants to exclude Motorola’s GSM unit from the acquisition and renegotiate the price accordingly in order to win antitrust approval by the Chinese government, Bloomberg News reported, citing anonymous sources.
US and European regulators have already approved the transaction with the GSM assets included in the sale.
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