Motorola considers spin-off of mobile phone businessMotorola is considering “strategic alternatives” for its mobile phone business. In an effort to “recapture global market leadership and to enhance shareholder value”, Motorola said it may separate the loss-making handset business from its other operations. Activist investor Carl Icahn, who holds a stake in Motorola, has already called for a break-up of the company in order to better realise the value of its parts. Motorola said it’s looking at ways to accelerate the recovery, and maintain and attract talent at the mobile devices unit. The company said it would not discuss any developments in the plans until a “definite transaction” had been approved or the process is otherwise completed.
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