Nokia Siemens bought Motorola network for $1.2 billion

Nokia Siemens has just announced that it will be purchasing Motorola's wireless network for $1.2 billion. This comes on the heels of an announcement by Moto that it would be splitting the company in two, one for Mobile Devices and one for Broadband and Mobility Solutions.

It's clearly the company's strong showing in both WiMAX and CDMA that Nokia Siemens is after, although The New York Times points out that integrating the 7,500-strong staff, manufacturing, supply lines, and multiple product lines will be quite a challenge. The deal will hopefully be finalized by the end of the year.