Motorola Bets Big on Google, Verizon
Motorola Inc. (MOT) has reached a deal with Verizon Wireless (VZ) to ensure some of its upcoming smartphones will be heavily promoted by the largest U.S. carrier, a big boost as Motorola tries to turn around its struggling handset business.
The new phones are a key test for Motorola co-Chief Executive Sanjay Jha, who needs to demonstrate he can deliver a string of winners and reverse losses as he tries to prove his mobile devices division can be a stand-alone business.
Verizon Wireless, which plans to add two Motorola smartphones in July, spent $100 million marketing the original Droid, helping to boost Motorola’s sales in the first quarter.
