Motorola, Nortel Said to Eye Telcom Hook-Up
A slowdown in the telcom industry may set the stage for a deal between Motorola and Nortel Networks. The Wall Street Journal says the companies are considering combining units that now compete to provide network equipment for wireless phone carriers.
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RENEE MONTAGNE, host:
NPR'S business news starts with slowing in the telecom equipment industry.
In response to that slowdown, Motorola and Nortel Networks are said to be in talks to combine their wireless infrastructure units. The Wall Street Journal reports the talks have been going on for nearly a month.
If they agree on the deal, Motorola and Nortel will combine businesses that would have an estimated $10 billion in sales.
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