BEIJING: Nokia says China has approved the acquisition of Motorola's network business by Nokia Siemens Networks.
Nokia Corp. says Beijing gave "unconditional approval" and the $975 million purchase should be completed next week.
Nokia and Motorola were forced to delay the deal while China carried out an anti-monopoly investigation.
Chinese approval comes after Motorola settled a lawsuit by a Chinese network equipment producer, Huawei Technologies.
Huawei objected to the sale on the grounds that Motorola has sold Huawei equipment and commercial secrets might fall into the hands of Nokia Siemens Networks, its competitor.
Source: timesofindia.indiatimes.com
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