Jul
06

Motorola splits its business

Motorola has planned to rename its business as Motorola Mobility and Motorola Solutions according to proposed split earlier this year.

Motorola Mobility will consist of the mobile devices as well as the set-top boxes of the company, while Motorola Solutions will comprise the enterprise and network equipment unit.

Sanjay Jha, the co CEO of Motorola, who will also head Motorola Mobility, said that this split is a good decision considering the progress made by mobile devices in 2010. He hopes that the split will prove to be beneficial not only for the company but also its customers, partners, employees and stock holders.

Motorola Solutions will be led by Greg Brown, the CEO.

The company had established Motorola SpinCo Holdings Corp., a wholly owned subsidiary that filed the Form 10 Registration Statement with the US Securities and Exchange Commission (SEC). Although the spin off was being developed from 2008, the deal is expected to be wrapped by the end of the first quarter of the fiscal 2011.

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