<p>After the "pla</p>.<p>nned separation", one company will include the mobile devices and home businesses, while the other would include Motorola's enterprise mobility solutions and networks businesses.<br /><br />"The board of directors support the planned separation of Motorola into two industry-leading public companies. We believe this structure provides significant operational and strategic flexibility for both the companies, positions them for future success and enhances long-term shareholder value," Motorola Board Chairman David Dorman said.<br /><br />The Schaumburg, Illinois-based company's co-chief executive officer Sanjay Jha would serve as CEO of the mobile devices and home businesses effective immediately.<br /><br />The business will offer a comprehensive portfolio of mobile converged devices, digital entertainment devices in the home, end-to-end video, voice and data solutions.<br />"The combination of mobile devices and our home business brings together two highly complementary and innovative organisations.<br /><br />Our expanding portfolio of smartphones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions and multi-screen experiences for our customers," Jha said.<br /><br />Motorola had been planning the spin-off of the handset business in 2008, but plans were delayed due to recession.<br /><br />For the new enterprise mobility solutions and networks businesses, Motorola Co-Chief Executive Officer Greg Brown will serve as the CEO with immediate effect.<br /><br />This business will offer a comprehensive portfolio of products and solutions, including rugged two-way radios, mobile computers, scanning and wireless network infrastructure.<br />The separation comes as the company looks to turn around its various flagging units.<br />The mobile division had nearly USD 7 billion sales in 2009, while the home division had about USD 4 billion sales.</p>.<p>Motorola intends to effect the separation through a tax- free stock dividend of shares in the new entity to its shareholders, the company said.<br /><br />Following the separation, both businesses would be well capitalised so the companies can execute their respective business plans and address future opportunities, it added.<br />Motorola expects that post-separation, the enterprise mobility and networks business would be capitalised in a manner that will achieve an investment grade rating and will be the entity responsible for Motorola existing public market debt at the time of separation.<br />Following the separation, both entities will use the Motorola brand.<br /><br />The mobile devices and home business is expected to own the Motorola brand and licence it royalty free to the enterprise mobility solutions and networks business</p>
<p>After the "pla</p>.<p>nned separation", one company will include the mobile devices and home businesses, while the other would include Motorola's enterprise mobility solutions and networks businesses.<br /><br />"The board of directors support the planned separation of Motorola into two industry-leading public companies. We believe this structure provides significant operational and strategic flexibility for both the companies, positions them for future success and enhances long-term shareholder value," Motorola Board Chairman David Dorman said.<br /><br />The Schaumburg, Illinois-based company's co-chief executive officer Sanjay Jha would serve as CEO of the mobile devices and home businesses effective immediately.<br /><br />The business will offer a comprehensive portfolio of mobile converged devices, digital entertainment devices in the home, end-to-end video, voice and data solutions.<br />"The combination of mobile devices and our home business brings together two highly complementary and innovative organisations.<br /><br />Our expanding portfolio of smartphones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions and multi-screen experiences for our customers," Jha said.<br /><br />Motorola had been planning the spin-off of the handset business in 2008, but plans were delayed due to recession.<br /><br />For the new enterprise mobility solutions and networks businesses, Motorola Co-Chief Executive Officer Greg Brown will serve as the CEO with immediate effect.<br /><br />This business will offer a comprehensive portfolio of products and solutions, including rugged two-way radios, mobile computers, scanning and wireless network infrastructure.<br />The separation comes as the company looks to turn around its various flagging units.<br />The mobile division had nearly USD 7 billion sales in 2009, while the home division had about USD 4 billion sales.</p>.<p>Motorola intends to effect the separation through a tax- free stock dividend of shares in the new entity to its shareholders, the company said.<br /><br />Following the separation, both businesses would be well capitalised so the companies can execute their respective business plans and address future opportunities, it added.<br />Motorola expects that post-separation, the enterprise mobility and networks business would be capitalised in a manner that will achieve an investment grade rating and will be the entity responsible for Motorola existing public market debt at the time of separation.<br />Following the separation, both entities will use the Motorola brand.<br /><br />The mobile devices and home business is expected to own the Motorola brand and licence it royalty free to the enterprise mobility solutions and networks business</p>
