Motorola Solutions To Spin Off Wireless Broadband Units

Law360, New York (August 23, 2011, 6:11 PM EDT) -- Private equity firm Vector Capital announced Tuesday that it would spin off Motorola Solutions Inc.'s point-to-point and point-to-multipoint wireless broadband networks businesses into a new company, Cambium Networks, for an undisclosed sum.

The spinoff is the latest reshuffling of Motorola's businesses this year. Motorola Inc. separated into two companies — Motorola Solutions and Motorola Mobility Holdings Inc. — in January. Since then, Nokia Corp.'s Nokia Siemens Networks USA LLC joint venture paid $975 million for mobile network assets from Illinois-based Motorola Solutions, and Google Inc. announced...
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