Motorola Solutions in talks to buy Airwave Solutions
Motorola Solutions Inc is in advanced talks to buy UK-based communications company Airwave Solutions Ltd as it looks to strengthen its software and services business, Bloomberg reported, citing people familiar with the matter.
Airwave Solutions, owned by Australia's Macquarie Group Ltd , could fetch about 1 billion pounds ($1.57 billion), Bloomberg today reported, citing one of the people.
A Motorola Solutions spokesman said the company does not comment on rumors or speculation and Airwave Solutions could not be immediately reached for comment.
Airwave is a British mobile communication company that operates the Airwave Network, a mobile communications network used by Great Britain's emergency services. Airwave was established in 2000 by Telefónica UK Limited or O2.[1] In April 2007, Airwave was acquired by two Macquarie Group investment funds, Macquarie European Infrastructure Fund II (MEIF II) and Macquarie CPPIB Communications Pty Limited, for $3.8 billion (£1.9 billion).
