Motorola in talks with Nokia Siemens Networks, cell phone business
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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Tags: -Motorola Inc, 1 Billion, Cell Phone Business, Motorola, Nokia, Nokia Cell, Nokia Networks, Nokia Phone, Nokia Siemens, Nokia Siemens Networks, Siemens, Siemens Phone, Spokeswoman, Telecommunication, Telecommunication Equipment, telecommunication equipment business, Unnamed Source, Unnamed Sources, Wall Street, Wall Street Journal, Wednesday Morning
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