Huawei Bid For Motorola’s Broadband And Communication Mobile Networks Division
SAN FRANCISCO, Jan. 15 morning news, according to foreign media reported yesterday, according to sources familiar with the matter said the auction has been suspended Motorola’s broadband and mobile networks division, because the company is to reconsider the latest spin-off program. According to sources, at least two telecommunications companies to participate in the first round of bidding, one of them is the Huawei.
Spin-off plan In accordance with the income, broadband and mobile networks division is Motorola’s sales in the past 12 months, the biggest business. Sources said Motorola had hoped to auction the business, the price can be 4 billion to 5 billion U.S. dollars between the actual bid is lower than expected, only 3 billion to 4 billion U.S. dollars.
The business sells set-top boxes and mobile network equipment. One source said that with the stabilization of mobile phone business, Motorola is considering whether it should be mobile and Internet businesses set up in a single parent’s.
, Two sources said the next round of bidding is expected to begin in mid-February. But sources said the final plan has not been determined, the Motorola board of directors and management will be discussed in the next few days, all the division’s future.
Source said, Motorola still possible in accordance with the original plan to sell operations in the coming months.
Motorola spokesman declined comment. While most competitors are expanding their business, but Motorola is trying to split itself into two to three companies to deal with a company-wide sales decline. Since the blade (Razr) phone after 2 years, Motorola has recently been a heavyweight no product launch, so the company has been trying to split his famous mobile phone business.
Motorola’s third quarter fiscal 2009 sales of 5.5 billion U.S. dollars, down 27%, the profit was only 12 million U.S. dollars.
Huawei bid Sources said that at present there are at least two telecom companies in the Motorola Broadband and mobile networks division of the first round of bidding, one of China’s Huawei. In 2007, Huawei has been involved in bidding for the network company 3Com, but ultimately failed. Huawei spokesman could not be reached for comment.
Sources said, another company involved in bidding for the business is smaller ArrisGroup. The company is headquartered in Georgia, the main voice for the cable company, video and data equipment, the market value of around 14 billion. The source believes that a smaller scale, so ArrisGroup probably joint bid with private equity firm’s. ArrisGroup spokesman declined comment.
Private participation Goldman Sachs is proposed for the sale of Motorola to provide one of the three major investment banks, the company told the bidder that Motorola did not want the business sold to separate private equity firms. The other two proposals for Motorola to provide the investment banks JP Morgan and CenterviewPartners.
It is reported that Motorola was open broadband and mobile networks division of the auction process, in part because TPG and SilverLakePartners two private equity funds, said Motorola had last summer, interest in acquiring the business. But TPG and SilverLack Partners no comment.
Sources, private equity firms Blackstone Group and Permira are also interested in bidding for the UK the business. One source said Blackstone has a strategic bid to build a partnership, but he did not disclose the identity of partners. Another source said, Permira bid if participation is likely that it shares with the digital technology company NDSGroup together.
Motorola set-top box business has a long history. The business was originally a company called General Instrument (GeneralInstrument) of the company, in the early 90s of last century by the Bush Administration’s Secretary of Defense Donald? Donald Rumsfeld (DonaldRumsfeld) operations. In 1991, the private equity firms ForstmannLittle acquired the company and appointed the current Tyco International Ltd. (TycoInternational) CEO Ed? Breen (Ed Breen) as the new CEO. ForstmannLittle General Instrument in 1997, led the market, and Motorola in 1999 and spent 17 billion U.S. dollars acquisition of the company. (SAN FRANCISCO, Jan. 15 morning news, according to the foreign media reported yesterday, according to sources familiar with the matter said the auction has been suspended Motorola’s broadband and mobile networks division, because the company is to reconsider the recent sub- demolition plan. According to sources, at least two telecommunications companies to participate in the first round of bidding, one of them is the Huawei.
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