Motorola in Talks to Sell Networking Unit

Motorola is in talks to sell its telecom-equipment division to Nokia Siemens Networks, a report says.
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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) - Get Report

and Germany's

Siemens

(SI) - Get Report

. 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.

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