SCHAUMBURG, Ill. ( TheStreet) -- Motorola ( MOT) is in talks to sell its telecom-equipment division to Nokia Siemens Networks , a report says. The two companies are discussing terms, and a deal could be worth $1.1 billion to $1.3 billion, the Wall Street Journal reports, citing a person familiar with the matter. A deal could be reached in the next few weeks. Nokia Siemens is a joint venture of Finland's Nokia ( NOK) and Germany's Siemens ( SI). It has made no secret of trying to break into the U.S. market, the Journal notes. The Motorola unit up for sale makes older-generation equipment for telecommunications networks, according to the Journal. A spokeswoman for Motorola declined to comment for the newspaper. Motorola is in the process of splitting into two companies -- one for networking equipment, the other for mobile phones and TV set-top boxes. -- Written by Joseph Woelfel in New York. Get more stock ideas and investing advice on our sister site, Stockpickr.com.