UK Competition Watchdog Warns Motorola Over Possible Sale Of UK Emergency Services Network: FT - Motorola Solns (NYSE:MSI)

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.