World News: Motorola separates mobile devices and broadband & mobility solutions businesses

World News: Motorola separates mobile devices and broadband & mobility solutions businesses

The company believes that splitting its Mobile Devices and Broadband & Mobility Solutions businesses into two separate companies will provide improved flexibility, more tailored capital structures, and increased management focus – as well as more targeted investment opportunities for shareholders.

The Mobile Devices business designs, manufactures and sells mobile handsets and accessories globally with integrated software solutions. It also licenses a portfolio of intellectual property.

The Broadband & Mobility Solutions business includes Motorola's Enterprise Mobility, Government & Public Safety, and Home & Networks businesses. These businesses manufacture, design, integrate, and service voice and data communication solutions and wireless broadband networks worldwide. They also provide end-to-end digital and IP video solutions, cellular and high-speed broadband network infrastructure, cable set-top receivers, and associated customer premise equipment for residential and commercial wireless network system access.

Greg Brown, Motorola's president & CEO, said that Motorola's priorities have not changed with this announcement, and the company remains committed to improving the performance of its Mobile Devices business.

"As part of that effort, we have undertaken a global search for a new chief executive officer for the Mobile Devices business," said Brown. "We believe strongly in our brand, our people and our intellectual property, and expect that the Mobile Devices business will be well-positioned to regain market leadership as a focused, independent company."

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