Report: Motorola, Nortel in wireless infrastructure talks
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Nortel Networks on Monday declined to comment on a news report that the company is negotiating with Motorola to combine wireless infrastructure units.&quot;Nortel doesn&#39;t comment on rumors and speculation,&quot; a Nortel spokesman said.The two companies are talking as a way to cut costs in a network equipment market that is consolidating and facing stiff competition, The Wall Street Journal reported Monday.The deal with Nortel would be separate from Motorola&#39;s announcement last month that it was&#160;considering spinning off its mobile handset business, the Journal reported. Motorola on Jan. 31 announced it was looking at separating the lagging handset division from the rest of its business.A Motorola spokeswoman wasn&#39;t immediately available for comment Monday.A combined wireless infrastructure unit would have sales around $10 billion, the Journal reported. Talks between Motorola and Nortel have been going on for about a month, the news report said, and under one scenario, Nortel would own a majority of the joint venture.Both companies have faced challenges recently. Motorola last month reported a loss of $49 million for 2007, due largely to declining handset sales.But fourth-quarter 2007 sales were up in the Home and Networks Mobility group, which makes set-top boxes and wireless infrastructure. The group saw sales rise 11 percent to $2.7 billion from the fourth quarter of 2006.Last year, the U.S. Securities and Exchange Commission charged seven former Nortel executives with participating in a 2003 accounting fraud by manipulating reserves to manage Nortel&#39;s earnings.Last February, Nortel announced it would lay off 2,900 employees and move another 1,000 jobs to low-cost locations throughout 2007 and 2008.
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SEPTEMBER 28, 2004 (REUTERS) - Telecommunications equipment maker Motorola Inc. said today that it would cut 1,000 jobs and take related charges of about $50 million to focus on its wireless business.
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Motorola Inc. and Nortel Networks are discussing a joint venture that would combine their wireless network infrastructure divisions, according to a media report.
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Sprint Nextel and Clearwire are back in talks about a possible WiMax joint venture after&#160;a previous attempt to work together fell apart last year, the Wall Street Journal reported on Tuesday, citing unnamed sources.Sprint&#39;s continued downhill slide, spurred by defecting Nextel customers, means the deal would make even more sense now, Nadine Manjaro, a senior analyst with ABI Research, told IDG News Service.&quot;They&#39;ve lost so much from iDEN (Integrated Digital Enhanced Network) defections, they don&#39;t really have the money to invest in WiMax,&quot; she said. iDEN is the push-to-talk technology used in Nextel&#39;s network, which Sprint bought in 2005 and continues to struggle to digest.Clearwire and Sprint, which own the bulk of 2.5GHz spectrum in the country, said in July last year that&#160;they planned to jointly build a nationwide WiMax network. But in November the companies said they had failed to reach a final agreement, and terminated their letter of intent.Since then, Sprint hasn&#39;t managed to improve its fortunes. The third-largest operator in the U.S., Sprint&#39;s subscriber base declined by 337,000 in the quarter ending Sept. 30. &quot;Sprint is not doing so well now,&quot; Manjaro said.Rather than building a scaled-down network with the assets it has, Sprint would do better if it partnered with Clearwire and also opened up to outside investors, said Manjaro, who worked for Sprint until last April.From the beginning, she said, Sprint hoped to attract investors to help build the network. &quot;They realized it would take a lot of money,&quot; she said. Attracting other parties has now become more urgent. &quot;They didn&#39;t anticipate being in the financial position they are in now,&quot; she said.Ideally, Sprint and Clearwire would create a joint venture that would allow each company to retain a stake in the company but also attract other companies, possibly Intel or Google, to provide needed capital, she said. A combined company would be able to negotiate better deals from vendors, she said.Clearwire has already built wireless broadband networks in 16 U.S. states. Sprint has launched services in Baltimore, Chicago, and Washington, D.C., under the Xohm brand.Spokespeople from Clearwire and Sprint declined to comment on the possibility of any renewed talks.
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A Motorola acquisition and an expected deal from Nortel show the market for mobile ad hoc network equipment is hot.
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Lucent, Motorola and Nortel won about $3 billion in contracts to help Sprint upgrade its wireless network to handle high-speed Internet traffic over mobile phones and computers.
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Japanese mobile phone firm DoCoMo is in talks to buy 3G handsets from Motorola.
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Wireless Internet provider Clearwire Corp. and cellular operator Sprint Nextel Corp. have reportedly restarted talks to combine their high-speed wireless WiMax networks.
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By Keiko Morris, Newsday, Melville, N.Y.  Sep. 20--Motorola Inc.
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Motorola Inc (MOT.N), the world's No. 3 mobile phone maker, said on Thursday it would explore strategic alternatives including a possible separation of its mobile devices business from its other units.
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Wireless carrier Sprint has signed contracts with Lucent, Nortel and Motorola for network upgrades, including the development of high-speed Internet services.
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Motorola Inc , the world's No.  3 mobile phone maker, said on Thursday it is exploring  strategic alternatives including a possible separation of its  mobile devices business from other units.
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Merger talks between Verizon  Communications VZ.N and MCI Inc. MCIP.O have advanced, and  the two companies could announce a deal in the next few days,  the Wall Street Journal reported on Friday.
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Canadian telecom equipment giant Nortel  Networks Corp.  has signed a $2-billion (C$2.32  billion) supply deal with Verizon Wireless  to help the  carrier cope with an explosion in demand for broadband Internet  access.
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Sprint (Quote, Chart) has awarded wireless equipment contracts totaling $3 billion to Lucent (Quote, Chart), Motorola (Quote, Chart) and Nortel (Quote, Chart) to better compete in a sector reshaped by acquisitions and spectrum swaps.
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Sprint Nextel is holding new discussions to team up with other firms to deploy a nationwide high-speed wireless network, according to company and industry sources.
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VoIP provider Vonage and Nortel Networks are coming close to a settlement in their patent dispute.