Motorola in talks with Nokia Siemens Networks, cell phone business

Category Business | Wednesday, July 14th, 2010

Motorola Inc. is in talks with Nokia Siemens Networks to sell off its telecommunication equipment business, according to a report citing unnamed sources familiar with the matter.

A Motorola spokeswoman declined to comment Wednesday morning.

The Wall Street Journal said the companies are discussing terms, and citing an unnamed source, said a deal could be worth between $1.1 billion and $1.3 billion.

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