Motorola to Spinoff Mobile Phone Business in January
Motorola has plans of spinning off their handset unit which will split their operations into two different companies. This is going to happen soon, potentially as soon a January.
The Co-CEO, Greg Brown, had previously given a Q1 time-frame and states that the company is going to be split into the following companies:
- Motorola Solutions
- Motorola Mobility
Motorola Solutions is going to supply things to corporations and the government, things, such as:
- Barcode scanners
- Public safety radios
- Other wireless tech
Motorola Mobility is going to sell both TV set top boxes and the mobile phones.
Brown stated that effectively the identity of Motorola Solutions begins immediately. The other CEO Sanjay Jha is going to be running Motorola Mobility while Brown is going to be heading Motorola Solutions.
The telecom equipment group is a third unit of Motorola, however, that unit is going to be sold to Nokia Siemens Networks. This is an agreement which is currently set to complete sometime early next year.
The Motorola executives are thinking that the new home video and new handset units combined are able to help the company differentiate themselves from their rivals through the delivering of content and digital video to smartphones.
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Tags: Cell Phones, Smartphones