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December 2, 2008 9:56:05 AM CST

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Motorola, Nortel Talk Joint Venture

Posted Feb 11, 08 12:53 PM CST in Business,  Technology 

(Newser) – Motorola and Nortel are in talks about a possible merger of their wireless-infrastructure units, insiders tell the Wall Street Journal. In the works is a joint venture with Nortel holding a majority stake and likely revenues of around $10 billion from sales of network equipment for wireless phone carriers. The talks are separate from a push for Motorola to sell or spin off its handset business.

The talks represent the latest in a wave of deals that has consolidated the slowing telecom-equipment industry. If both projects go through, Motorola will be a much smaller company focused on making two-way radio equipment, hand-held devices for workers, and cable-industry equipment.

Source Wall Street Journal

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Gordon Davies,left, acting Chief Legal Officer of Nortel Networks, Mike Zafirovski, center, president and CEO of Nortel Networks and Harry Pearce, right, Chairman of the Board of Nortel Networks prepare...   (Associated Press)
Electricians connect cables on the back of LED wall at the Motorola booth at the Las Vegas Convention Center in preparation for the opening of the Consumer Electronics Show Wednesday, Jan. 2, 2008, in...   (Associated Press)
A Motorola Razr cell phone is seen at a consumer electronics store, in this Friday, Jan. 19, 2007, file photo in Gloucester, Mass. Motorola Inc.'s new CEO Greg Brown spooked investors Wednesday, Jan....   (Associated Press)
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