6:55 AM -- Motorola Inc. (NYSE: MOT) is ready to exit the mobile networks sector once it has split into two separate companies, with the vendor looking for a trade sale or a possible joint venture, according to a report in the Financial Times. (See Moto Wants to Do the Splits .)

Once the company has divide in two, Greg Brown will be the CEO of the Enterprise Mobility Solutions and Networks business, which includes RFID equipment, secure public safety systems, mobile computers, two-way radios, and wireless network infrastructure. (See Moto Set to Split Into Two .)

The report suggests Brown is looking to offload the network infrastructure part of that business, which has been valued at between $1 billion and $2 billion, and which includes the company's Long Term Evolution (LTE) gear. (See Motorola's Shanghai Hope, Zain Saudi Arabia, Moto Sign LTE Deal, and MWC 2010: The LTE G8.)

— Ray Le Maistre, International Managing Editor, Light Reading