Motorola, Nortel in talks on mobile network venture - reportMotorola and Nortel Networks are in talks to combine their mobile infrastructure units in a joint venture, people familiar with the situation told the Wall Street Journal. A combined group would have annual sales of around USD 10 billion, substantially improving the two companies’ competitive position versus larger groups like Ericsson, Alcatel-Lucent and Nokia Siemens Networks. The joint-venture talks have been under way for nearly a month and are heating up, the paper’s sources said. The scenario under discussion is a venture majority owned by Nortel, with Motorola owning a minority stake. The companies had considered taking 40 percent each of the venture, with the other 20 percent to be held by a financial investor. But that idea was discarded after they had trouble finding a source of private equity.
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