Vodafone Completes Telsim Acquisition, Motorola and Nokia Receive Payments

Vodafone completed its acquisition of Turkish cellular phone operator, Telsim Mobil Telekomunikasyon (Telsim).



Following completion of the transaction, Motorola received a cash payment of US$410 million pursuant to an agreement previously reached to settle Motorola's financial and legal claims against Telsim and certain other parties.



Nokia has received a settlement payment of US$341.25 million.



Both vendors expressed satisfaction at closing the long-running dispute with Telsim.

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