Motorola's Auction of Network Unit On Hold - TheStreet

SCHAUMBURG, Ill. (

TheStreet

) --

Motorola

( MOT) reportedly has put the auction of its home and networks mobility division on hold as bids have come in lower than expected.

Motorola had hoped to sell the division, the company's biggest with 2008 sales of more than $10 billion, for $4 billion to $5 billion. But bids so far have come in between $3 billion to $4 billion, the

Wall Street Journal

reports, citing people briefed on the auction.

Motorola also took into account sales trends for its decision to put the auction on hold, the

Journal

says. The unit makes set-top boxes for cable TV and mobile-phone networking equipment. But an increase in handset sales has Motorola examining whether its handset and networking businesses should stay under a single parent.

The next round of bids was expected next month, but that has changed as Motorola is expected to meet in coming days to discuss the future of its business lines and to provide updates on the auction, the people said, the

Journal

reports.

Motorola could, of course, still proceed with its plan to sell the business in coming months, the

Journal

adds.

Two companies that have mad first-round bids include Chinese telecommunications company

Huawei Technologies

and

Arris Group

(ARRS) - Get Report

. Because of its market capitalization of about $1.4 billion, Arris likely would have to team with a private-equity firm to win the auction, the

Journal

says.

-- Written by Joseph Woelfel in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.