Roundup: Motorola, Cedar Point-Genband, CommScope

- Tuesday, January 4, 2011

Roundup: Motorola, Cedar Point-Genband, CommScope

Motorola Solutions and Motorola Mobility Holdings, both formerly part of Motorola, completed on Tuesday their previously announced divorce, the two companies said in statements.

Motorola Solutions' shares began trading under the ticker symbol MSI on the NYSE, while those of Motorola Mobility Holdings now trade at the same bourse under MMI.

Motorola Solutions delivers business and mission-critical communications solutions for commercial enterprises and government customers, while Motorola Mobility is comprised of the mobile devices business and home business.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

The devices business launched 23 smartphones in 2010 globally, including the Droid, Bravo, Defy Flipside and Milestone families. The home business provides digital set-top boxes and end-to-end video solutions.

***

Next-generation IP solutions supplier Genband has signed a definitive agreement to acquire US VoIP platform vendor Cedar Point Communications, Genband said in a statement.

The transaction is expected to close this month and is subject to approvals and closing conditions.

By acquiring Cedar Point, Genband will increase its market position in cable VoIP and add Cedar Point's IP switching solutions to its product portfolio. With 7.5mn lines in service globally, Cedar Point will also add tier 1 customers to Genband's customer base.

In Latin America, Cedar Point competes with Cisco (Nasdaq: CSCO) and Nokia Siemens Networks.

***

Telecoms infrastructure provider CommScope (NYSE: CTV) intends to make a US$1.5bn private placement offer in aggregate principal amount of senior notes due 2018, in connection with its proposed merger with an affiliate of The Carlyle Group, CommScope said in a statement.

The proceeds are intended to partly finance the cash that will be paid in the proposed merger.

CommScope reported this year strong sales in the Central and South American markets, which contributed significantly to 16% year-on-year growth in broadband in the second quarter of year.