Chinese telecom equipment maker Huawei has filed a lawsuit to block the US$1.2 billion sale of Motorola Solutions’ (Motorola; MOT.NYSE) wireless telecommunications network business to its rival, Nokia Siemens Networks (NSN), the Financial Times reported. Filed on Monday in a US court, Huawei’s complaint claims that Motorola’s plans to transfer information it gained under a decade-long partnership with Huawei to NSN were illegal and would harm its interests. The Chinese company was once Motorola’s partner on wireless networks, and lost out to NSN in an auction for the Motorola assets last year, even though it offered a higher price. The suit could further delay NSN’s acquisition of Motorola’s 2G and 3G mobile network infrastructure business – a deal that is expected to help NSN surpass its Chinese rival as the world’s second-largest supplier of telecom network equipment.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved