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Nokia Siemens Postpones $1.2 Billion Motorola Deal Again

Nokia Siemens Networks, the network-equipment joint venture between Nokia Oyj and Siemens AG, delayed the closing of its $1.2 billion purchase of assets from Motorola Solutions Inc. for a second time within three months.

The deal won’t be completed in the first quarter as the Chinese government hasn’t given antitrust approval yet, the company said today in a statement. The Chinese Ministry of Commerce has extended its review period for another 60 days, Motorola Solutions said in a separate statement.