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Motorola, Nortel in Talks to Combine Units: WSJ
Topics:Stock Picks | Stock Market | Corporate News
Companies:Nortel Networks Corporation | Motorola Inc | Companies
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Motorola and Nortel Networks are in talks to combine their wireless infrastructure units, the Wall Street Journal reported, quoting people familiar with the situation.
The talks could create a joint venture with sales of around $10 billion, combining businesses that make network equipment for wireless phone carriers, the newspaper said.
Motorola said in January it was exploring strategic options for the future of its handset division, which could include selling the unit. The Journal said Motorola's talks with Nortel were separate to any plans for its handset unit.
Motorola [MOT
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Copyright 2008 Reuters. Click for restrictions.
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TOPIC : Corporate News
COMPANY : Motorola Inc
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