Motorola Solutions sells broadband units to Vector Capital

Motorola Solutions (NYSE:MSI) will sell two of its wireless broadband units to private equity firm Vector Capital for an undisclosed amount. Motorola is offloading 220 employees along with its Orthogon point-to-point and Canopy point-to-multipoint broadband businesses. Vector intends to operate the units, which generated around $170 million in revenue for Motorola last year, as a standalone business called Cabium Networks. Motorola will retain its other wireless holdings, including its public-safety LTE business. Article (sub. req.)

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