Motorola in talks to sell network unit
Nokia Siemens Networks and Huawei both interested in buying Motorola unit
US telecom vendor and handset maker Motorola is in talks with competitors including Nokia Siemens Networks and Huawei regarding the sale of its network infrastructure unit, according to a report from the Financial Times.
Finland-based Nokia Siemens Networks is understood to be the "forerunner" in talks to acquire Motorola's network infrastructure unit, in a deal that could be worth some $1.5 billion, the report added.
Nokia Siemens Networks, which lost out to rival Ericsson in its bid acquire two wireless divisions from struggling Canadian vendor Nortel last year, is keen to beef up its market share in the USA.
Motorola, which has experienced declining handset sales in recent years, said earlier this month that it planned to split its handset and network infrastructure divisions, which will be listed separately on the New York Stock Exchange.
The company intends to spin off its mobile devices and home products business into a new entity called Motorola Mobility.
The new company, Motorola Mobility will make mobile phones and home entertainment equipment including set top boxes, while the remaining businesses in enterprise and carrier infrastructure will be renamed Motorola Solutions.
Nokia Siemens Networks and Motorola declined to comment on the rumoured deal talks, according to the Financial Times.