UK Competition Watchdog Warns Motorola Over Possible Sale Of UK Emergency Services Network: FT
- Motorola Solutions Inc (NYSE: MSI) may have to sell the U.K. emergency services network Airwave after the Competition and Markets Authority raised concerns over Motorola exploiting its influence, the Financial Times reports.
- Motorola’s Airwave is a key supplier to the U.K.’s £1.2 billion Emergency Services Network contract. Motorola acquired Airwave for £817 million in 2016, only months after being named a prime ESN supplier. The old network was due to be shut down by 2019. However, delays to the launch of the new system, partly due to Motorola’s technology-related issues, extended the life of Airwave.
- The CMA alleged that Motorola could earn profits over £1.2 billion between 2020 and 2026 from the old network.
- The CMA will decide whether to launch a full investigation in September after it has consulted with the government and industry.
- Price action: MSI shares traded lower by 0.72% at $222.84 on the last check Thursday.
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