Nokia Siemens Networks to acquire certain wirel...

NOKIA / Nokia Siemens Networks to acquire certain wireless network infrastructure assets of Motorola for USD 1.2 billion processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

- Transaction expected to significantly strengthen Nokia Siemens Networks'
presence globally, particularly in the United States and Japan.
- Nokia Siemens Networks targeting to gain incumbent relationships with more
than 50 operators and strengthen relationships with others.
- Acquisition to enhance position of Nokia Siemens Networks in key wireless
technologies; will give company large global footprint in CDMA.
- Motorola retains the iDEN business, substantially all the patents related to
its wireless network infrastructure business, and other selected assets.
- The companies expect to complete closing activities by the end of 2010.

Espoo, Finland; Schaumburg, Illinois, USA - Nokia Siemens Networks and Motorola,
Inc. today jointly announced that the companies have entered into an agreement
under which Nokia Siemens Networks will acquire the majority of Motorola's
wireless network infrastructure assets for USD 1.2 billion in cash. The
companies expect to complete closing activities by the end of 2010, subject to
customary closing conditions including regulatory approvals.

"This is an exciting acquisition that I believe has significant benefits for
customers, employees and our shareholders," said Rajeev Suri, Chief Executive
Officer of Nokia Siemens Networks. "Motorola's current customers will continue
to get world-class support for their installed base and a clear path for
transitioning to next generation technologies while employees will join an
industry leader with global scale and reach.  Nokia Siemens Networks will see
the benefits of a deal that is expected to enhance profitability and cash-flow
and to have significant upside potential."

"Motorola is very proud of the operational and financial performance of our
Networks business and its employees, who will now become a valuable addition to
Nokia Siemens Networks. We are excited to have reached this agreement to combine
our Networks team with such an industry leader," said Greg Brown, Co-CEO of
Motorola. "This is great news for our customers, our investors and our people
and will allow us to sharpen our strategic focus on providing mission and
business critical solutions for our government, public safety, and enterprise
customers."

As part of the transaction, Nokia Siemens Networks expects to gain incumbent
relationships with more than 50 operators and to strengthen its position with
China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.

"We are pleased to be able to add new relationships with some customers, and
reinforce our position with others," said Suri.  "I believe the addition of
Motorola's Networks business will significantly strengthen our worldwide
presence, enhance our scale in the United States, Japan and other priority
regions and reinforce our leadership position in the global wireless sector."

"Verizon views today's announcement as good news for the global wireless
industry," said Richard J. Lynch, Executive Vice President and Chief Technology
Officer of Verizon.  "This deal brings together two important Verizon suppliers;
we look forward to our continuing work with Nokia Siemens Networks."

Nokia Siemens Networks expects that based on revenue, with the addition of the
Motorola wireless network infrastructure business, it will become the #3
wireless infrastructure vendor in the United States, the #1 foreign wireless
vendor in Japan, and strengthen its current #2 position in the global
infrastructure segment.

Motorola's networks infrastructure business provides products and services for
wireless networks, including GSM, CDMA, WCDMA, WiMAX and LTE.  This business is
a market leader in WiMAX, with 41 contracts in 21 countries; has a strong global
footprint in CDMA with 30 active networks in 22 countries; and a robust GSM
installed base, with more than 80 active networks in 66 countries; and excellent
traction with LTE early adopters.

"As customers look to transition from CDMA networks to next generation
technologies, the addition of the Motorola wireless network infrastructure
business is targeted to ensure that we are well placed to meet those needs,"
said Bosco Novak, head of Customer Operations at Nokia Siemens Networks.
"Together, we will utilize the combined strength of Nokia Siemens Networks'
TD-LTE solutions and Motorola's WiMAX and LTE businesses, to better meet
customers' evolving technology and business needs."

Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks
from Motorola's wireless network infrastructure business when the transaction
closes, including large research and development sites in the United States,
China and India.  Motorola retains the iDEN business, substantially all the
patents related to its wireless network infrastructure business and other
selected assets.

The companies expect to complete closing activities by the end of 2010 and
therefore do not expect the transaction to have any impact on Nokia Siemens
Networks' financial performance in 2010.

Nokia Siemens Networks and Motorola also are exploring a global relationship in
the public safety arena. This relationship would combine Motorola's leadership
in providing solutions to public safety organizations with Nokia Siemens
Networks' commercial LTE solutions.



Conference Call and Webcast
Nokia Siemens Networks and Motorola will host a conference call for media
beginning at 10:30 a.m. (U.S. Eastern Time) on Monday, July 19. The conference
call will be webcast live with audio at www.motorola.com/investor.



About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications
services. With its focus on innovation and sustainability, the company provides
a complete portfolio of mobile, fixed and converged network technology, as well
as professional services including consultancy and systems integration,
deployment, maintenance and managed services. It is one of the largest
telecommunications hardware, software and professional services companies in the
world. Operating in 150 countries, its headquarters are in Espoo,
Finland.www.nokiasiemensnetworks.com

Talk about Nokia Siemens Networks' news at 

http://blogs.nokiasiemensnetworks.com
and find out if your country is exploiting the full potential of connectivity at


http://connectivityscorecard.org

About Motorola
Motorola is known around the world for innovation in communications and is
focused on advancing the way the world connects. From broadband communications
infrastructure, enterprise mobility and public safety solutions to mobile and
wireline digital communication devices that provide compelling experiences,
Motorola is leading the next wave of innovations that enable people, enterprises
and governments to be more connected and more mobile. Motorola (NYSE: MOT) had
sales of US $22 billion in 2009. For more information, please visit
www.motorola.com.

FORWARD LOOKING STATEMENTS

Nokia
It should be noted that certain statements herein which are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) the timing of the deliveries of our products and services and their
combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate," "designed,"
"plans," "will" or similar expressions. These statements are based on
management's best assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties, actual results
may differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and their
combinations; 2) our ability to timely and successfully develop or otherwise
acquire the appropriate technologies and commercialize them as new advanced
products and services and their combinations, including our ability to attract
application developers and content providers to develop applications and provide
content for use in our devices; 3) our ability to effectively, timely and
profitably adapt our business and operations to the requirements of the
converged mobile device market and the services market; 4) the intensity of
competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in
the competitive environment; 5) the occurrence of any actual or even alleged
defects or other quality, safety or security issues in our products and services
and their combinations; 6) the development of the mobile and fixed
communications industry and general economic conditions globally and regionally;
7) our ability to successfully manage costs; 8) exchange rate fluctuations,
including, in particular, fluctuations between the euro, which is our reporting
currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies; 9) the success, financial condition and performance of
our suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety, security
and timely delivery of our products and services and their combinations; 13) our
ability to manage our inventory and timely adapt our supply to meet changing
demands for our products; 14) our ability to protect the complex technologies,
which we or others develop or that we license, from claims that we have
infringed third parties' intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in our
products and services and their combinations; 15) our ability to protect
numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or
proprietary technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 16) the impact of
changes in government policies, trade policies, laws or regulations and economic
or political turmoil in countries where our assets are located and we do
business; 17) any disruption to information technology systems and networks that
our operations rely on; 18) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 19) unfavorable outcome of litigations; 20)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 21) our ability to achieve targeted costs reductions and increase
profitability in Nokia Siemens Networks and to effectively and timely execute
related restructuring measures; 22) developments under large, multi-year
contracts or in relation to major customers in the networks infrastructure and
related services business; 23) the management of our customer financing
exposure, particularly in the networks infrastructure and related services
business; 24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens") may
involve and affect the carrier-related assets and employees transferred by
Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks
customer relationships resulting from ongoing or any additional governmental
investigations involving the Siemens carrier-related operations transferred to
Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of
Nokia's annual report Form 20-F for the year ended December 31, 2009 under Item
3D. "Risk Factors." Other unknown or unpredictable factors or underlying
assumptions subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements. Nokia does not
undertake any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent legally required.

Motorola
This press release contains "forward-looking statements" within the meaning of
applicable federal securities laws. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
and generally include words such as "believes", "expects", "intends",
"anticipates", "estimates", and similar expressions. We can give no assurance
that any future results or events discussed in these statements will be
achieved.  Any forward-looking statements represent our views only as of today
and should not be relied upon as representing our views as of any subsequent
date. Readers are cautioned that such forward-looking statements are subject to
a variety of risks and uncertainties that could cause our actual results to
differ materially from the statements contained in this release.  Many of these
risks and uncertainties cannot be controlled by Motorola and include, but are
not limited to: (1) the satisfaction of the conditions to closing, including (a)
receipt of regulatory approvals, and (b) the absence of a material adverse
effect on the assets being sold by Motorola under the proposed transaction; (2)
Nokia Siemens Networks and Motorola having the ability to consummate the
transaction; (3) the impact on Motorola's performance and financial results
deriving from the benefits from this transaction; and (4) the expected timeline
for completing the transaction.  A detailed description of other risks and
uncertainties affecting Motorola, is contained in Item 1A of Motorola's 2009
Annual Report on Form 10-K and in its other filings with the Securities and
Exchange Commission (SEC).  These filings are available for free on the SEC's
website at www.sec.gov and on Motorola's website at www.motorola.com.  Motorola
undertakes no obligation to publicly update any forward-looking statement or
risk factor, whether as a result of new information, future events or otherwise.



Media Inquiries

Nokia Siemens Networks
Ben Hunt, Communications
Phone: [phone]

Motorola
Jennifer Erickson, Communications
Phone: [phone]



[HUG#1432453]



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