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.)

Sponsored by SNS Telecom

Shared & Unlicensed Spectrum in the 5G Era

Learn how shared and unlicensed spectrum will transform cellular communications in the 5G era. Featuring enabling technologies, key trends, business models, applications, spectrum availability, case studies and 5G NR/LTE equipment forecasts.