Motorola in 3-year contract extension with Nextel
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Motorola said on Thursday it has extended for three years a deal to supply Nextel Communications with telecommunications equipment, allaying fears that Sprint buyout of Nextel would threaten the relationship.
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US mobile phone giant Motorola has announced plans to buy technology infrastructure group Symbol Technologies in a 3.9 billion-dollar deal.
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(InfoWorld) - Motorola plans to acquire wireless mobile device developer Symbol Technologies for $3.9 billion, the companies announced Tuesday. Symbol makes a range of devices for businesses, including handheld computers that may include bar code scanners, RFID (radio frequency identification) technologies and WiFi. They are widely used by workers in warehouses and large retail outlets, and by delivery services. The acquisition would fit with Motorola's history as a developer of mobile phones and two-way radios, and advances its push into companies' mobile computing strategies, it said. Motorola has traditionally catered to businesses, notably with is push-to-talk technology used by Nextel in the U.S., and with its Canopy broadband wireless infrastructure business. While Symbolâs products have a broad customer base the company has faced hurdles in the past few years. In 2004, the U.S. Securities and Exchange Commission fined Symbol $37 million fine for fraudulent accounting practices. Eleven executives were charged with securities fraud including the former chief executive, who subsequently fled the U.S. Rumors had surfaced over the past few days that Symbol was looking for a buyer. The deal is expected to close later this year or early in 2007, subject to regulatory and other approvals. Symbol will become a Motorola subsidiary and continue to operate from its headquarters in Holtsville, N.Y.
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Sprint's negotiations to buy Nextel have ignited fears that Motorola will lose its exclusive deal to supply phones and equipment to Nextel.
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Sprint Corp. on Wednesday agreed to  buy mobile telephone company Nextel Communications Inc. in a  deal worth $36.3 billion to gain more business customers and  more airwaves to transmit calls.
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Sprint Nextel Corp  on Tuesday  said it will spend up to $3 billion over two years to build a  high-speed wireless data network using WiMax technology in a  bid to capture new growth from emerging mobile services.
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Motorola Inc , the world's  third biggest mobile phone maker, on Sunday unveiled two new  cell phones and a plan to buy Asian digital music service  Soundbuzz Pte Ltd. as it looks to stem recent market share  losses.
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PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement buy Nextel Communications Inc. for more than $36  billion in a mostly stock deal that would combine the No. 3 and  No. 5 U.S. wireless telephone companies, sources familiar with  the situation said on Friday.
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Motorola Inc. has been selected to provide a &#36;344 million expansion to a wireless network run by China United Telecommunications Corp., or China Unicom, one of the largest network operators in the world.
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Motorola Inc. says it&#39;s ready to make inroads in the cell-phone market after posting a third straight strong quarter and rolling out a series of new handsets in time for the holiday selling season.
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More than two years after the acquisition that formed Sprint Nextel Corp., the nation's third-largest wireless provider is about 80 percent done with weaving the two sides together, the company's chief executive officer said Wednesday.
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Motorola Inc. MOT.N is betting it can  win more business from U.S. mobile phone company Sprint Corp.  FON.N as a result of Sprint's planned takeover of Nextel  Communications Inc. NXTL.O, Motorola's chief strategist said.
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CLEVELAND -- Manager Eric Wedge received a three-year contract extension from the Cleveland Indians on Monday, an early reward for having his ballclub near the top in the AL Central.
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Motorola Inc.  on Tuesday said it agreed  to buy Symbol Technologies Inc.  for about $3.9 billion  in cash to expand its enterprise capabilities.
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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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December 16, 2004 -- Sprint Corp. agreed to buy Nextel Communications Inc. for about $35 billion in a transaction that would leave three companies in control of 70 percent of the US mobile-telephone market.
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.