Motorola Mobility has begun life as a separate company with CEO Sanjay Jha ringing the opening bell at the New York Stock Exchange. The new concern, trading under the ticker symbol MMI, will combine both handset and set-top box businesses. The two are becoming increasingly intertwined as operators look to give subscribers a true multiscreen experience across smartphones, tablets, set-tops and other converged devices.
“We are pleased that Motorola Mobility has reached this important milestone. After more than two years of planning, today we begin operating as a financially strong, independent company trading on the New York Stock Exchange,” said Sanjay Jha, chairman and CEO of Motorola Mobility. “We are well-positioned to build on the strong momentum we have in smartphones and end-to-end video solutions –and to take advantage of opportunities resulting from the convergence of media, mobility, computing and the Internet.”
The other half of the separated company, Motorola Solutions, will concentrate on communication products and services for enterprise and government customers.