Asian telecoms companies interested in Motorola's troubled handset division
Communications giant reportedly in talks with unnamed Asian suppliers about forming an alliance
According to an intelligence service website run by the Financial Times, Motorola is currently in talks with various unnamed Asian suppliers about forming an alliance over its mobile devices unit.
One of the companies may be ZTE, China’s largest telecommunications supplier. ZTE has previously stated its ambition to grow its current market share, and Motorola have been in talks with the company for months.
Motorola’s mobile devices unit is currently in market freefall and lost $1.2 billion last year. Stuart Reed and Casey Keller, former President of the unit and Chief Marketing Officer, respectively, quit their positions at the company just last week.
New Motorola CEO Greg Brown has publicly stated his woeful predictions for the unit. However, market analysts have expressed confidence in Brown due to his background in telecoms, saying that he has a chance of stopping Motorola’s falling market share.