UK Competition Watchdog Warns Motorola Over Possible Sale Of UK Emergency Services Network: FT

  • Motorola Solutions Inc 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.

Posted In: BriefsFinancial TimesGovernmentNewsRegulationsTechMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.