Big Wireless-Gear Deal May Loom |
| Wall Street Journal - Feb 11, 2008 |
Motorola Inc. and Nortel Networks Corp. are in talks to combine their wireless-infrastructure units in a joint venture, said people familiar with the situation, the latest response to slowing growth in the telecom-equipment industry.
The talks, which are separate from efforts also under way at Motorola to possibly shed its handset division, show the steps Motorola's new chief executive, Greg Brown, is contemplating to restructure the telecom giant.
If consummated, the talks will create a joint venture that likely will have sales of about $10 billion, combining businesses that make network equipment for wireless phone carriers. It is an area of the industry that has suffered in recent years as wireless carriers in the U.S. and overseas consolidate, giving them greater bargaining leverage over equipment makers.
Read Full Article from Wall Street Journal
- Posted: 2008-02-11 09:24:01
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