Moto Solutions plans shareholder returns - Mobile World Live

Moto Solutions plans shareholder returns

14 JUL 2011

Motorola Solutions plans to make returning cash to investors a priority after selling its networks unit and shoring up its balance sheet, CEO Greg Brown told Bloomberg. “We prioritised the establishment of investment-grade rating with all three agencies, we’ve done that; we prioritised the completion of the networks business, we’ve done that,” said Brown. “The next priority is the opportunity to return capital to shareholders.” Motorola Solutions, which spun off its mobile-phone unit in January, says it cut its debt by US$540 million this year and generated US$975 million from the sale of the networks business to NSN in April.

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