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The following article was published in our article directory on December 30, 2010.
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Article Category: Business Management
Author Name: Amanda xzh
Telecommunications equipment maker Nokia Siemens Networks recently said that the Ministry of Commerce has not yet ratified by 12 billion purchase of Nokia Siemens Motorola's telecommunications network equipment sector agreement, the deal's completion time is delayed.
Nokia Siemens Networks, said in a statement, the deal's completion time will be postponed to the end of this year the first quarter of next year. Motorola, Nokia Siemens Networks acquired assets, the transaction has been the United States, European Union countries and regions, including anti-trust regulatory approval.
Motorola also said that the sale was postponed spin-off will not affect its ongoing, the company still planned on January 4, 2011 spin-off.
Motorola, Nokia Siemens Networks in July the acquisition of network assets, while Motorola accounted for only 3% of global mobile network market share, but with more than 50 telecom operators have cooperative relations, including China Mobile, Verizon Wireless and Vodafone and other major carriers. Nokia Siemens hope to expand the scale of one to raise with Ericsson, Huawei, the strength of competitors to compete for the global top three position.
"We still look forward to the start of the acquisition in the New Year." Nokia Siemens Networks head of Sullivan said the company is working with the Ministry of Commerce of China Anti-Monopoly Bureau in close cooperation and work for the final approval.
In fact, the acquisition internally generated move in the Chinese market with varying degrees of labor disputes. Friction has occurred in the Motorola company is located in Hangzhou, China, the network business R & D and production base.
Since the M & A transactions announced since July, including China, including Motorola, network operations around the world, they begin to integrate with Nokia Siemens Networks to promote the work to commence. Motorola involving the integration of approximately 7,500 employees worldwide, from China more than 2,000 people. Former Motorola employees to lift the existing labor contract first, and then sign a new labor contract with Nokia Siemens Networks. However, due to differences between the two sides pay system has caused some dispute. However, Zhang Zhiqiang, president of Nokia Siemens Networks Greater China, said that Motorola currently has 99% of domestic employees to sign the tripartite agreement, once the deal into effect, will join Nokia Siemens Networks team.
The sale of Nokia Siemens Networks R & D center in Shenzhen has also led to employee dissatisfaction, Nokia Siemens Networks plans to transfer to the United States R & D center in Shenzhen Ereli Center. As part of the transfer, Nokia Siemens Networks 220 employees in Shenzhen, and related work, remuneration, assets will be transferred, but there are people not willing to sign an agreement, thus triggering the dispute. Nokia Siemens Networks said in a statement yesterday, according to the law for the transfer guarantee.
Nokia Siemens Networks China, said in a statement yesterday that the acquisition has been the United States, European Union, Brazil, Japan, Russia and other countries or regions of the anti-trust permission. Upon completion of this transaction is expected to have 7,500 Motorola wireless network infrastructure business unit staff turn Runuo Xi, including in the United States, China and India's large R & D center.
Keywords: Induction Coil, China pneumatic cylinders, pneumatic cylinders,
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