SCHAUMBURG, Ill. (
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
. It has made no secret of trying to break into the U.S. market, the
The Motorola unit up for sale makes older-generation equipment for telecommunications networks, according to the
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.
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