motorola solutions inc (MSI) Key Developments
Motorola Signs AUD 41.5 Million Agreement with Victorian Government for MDN
Feb 26 15
Motorola Solutions, Inc. has signed an agreement with the Victorian Government valued at AUD 41.5 million to extend the management of Victoria's Metropolitan Data Network, or MDN, for an additional two years from March 2015, with an option for two additional one year extensions. MDN, the first emergency communications network to be procured under a build, own and operate public-private services model in Australia, was first deployed in 2005 and provides secure data communications for Victoria Police and Ambulance Victoria, primarily across the greater Melbourne metropolitan region with roaming capability on to a commercial network to provide coverage beyond the metropolitan area. The agreement enables Motorola Solutions to support the agencies to stay at the forefront of technology innovation, eventually allowing for a wider choice of devices and applications, including the option to integrate Bring Your Own Device and Application solutions (BYOD and BYOA). The contract also positions the Victorian Government to deliver against a key goal outlined in its Emergency Management Long Term Communications Plan to "Establish a statewide, sector-wide broadband capability." The new agreement will see Motorola Solutions maintain MDN to its current mission critical standards while trialling new and emerging technologies including 4G broadband data and a range of new terminal devices. The Emergency Services Telecommunications Authority supports the delivery of MDN through managing the contract and monitoring delivery on behalf of the Victorian Govenrment. In addition to MDN, Motorola Solutions manages the Metropolitation Mobile Radio network for ESTA and the emergency services agencies it supports.
Motorola Solutions Mulls Acquisition
Feb 17 15
Motorola Solutions, Inc. (NYSE:MSI) is seeking acquisitions. Gino Bonanotte, Executive Vice President and Chief Financial Officer of Motorola Solutions, said in Motorola Solutions financial analyst day, “A metric that I think is interesting that we will continue to refer to is free cash flow per shares. In the earnings call, we guided to approximately $1 billion of operating cash and approximately $800 million of free cash flow. And that comports to a free cash flow per share amount of $3.65 to $3.85 per share in 2015, obviously providing flexibility for continued share repurchase, dividends, acquisitions, to drive growth.”
Motorola Solutions, Inc. Approves Quarterly Cash Dividend, Payable on April 15, 2015
Feb 12 15
Motorola Solutions, Inc. announced that its board of directors has approved a regular quarterly dividend of 34 cents per share payable in cash on April 15, 2015, to stockholders of record at the close of business on March 13, 2015.
Motorola Solutions Up For Sale
Feb 6 15
Motorola Solutions, Inc. (NYSE:MSI) is exploring a possible sale. Buyers could include private-equity firms or companies such as Raytheon Company (NYSE:RTN), Honeywell International Inc. (NYSE:HON) and General Dynamics Corporation (NYSE:GD).
Motorola Enters to Cooperation Agreement with GOME to Sell Motorola Smart Phones
Feb 5 15
Motorola chose to form cooperation with GOME in selling MOTO X, whose pink and black versions are priced for CNY 3,299 while blue version CNY 2,999, which will be sold in 1600 offline outlets and online shop of GOME. Also being sold will be CNY 1,000 smart phone MOTO G.