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Verizon, Motorola concentrate on mobile biz

April 3rd, 2006 · Source · No Comments

Verizon Communications and Motorola both announced sales of business units this morning. The moves should allow both companies to focus on their core strengths: for Verizon that means the US industry and wireless while Motorola is looking to focus solely on communications . Verizon sold its Caribbean and Latin American operations for $3.7B to Mexican telecom maverick Carlos Slim Helu. Motorola sold its automotive electronics business for $1B to Continental AG.

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  • Tags: Motorola · Verizon Wireless

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