Cell phone maker Motorola announces its long-anticipated move to split in to two publicly traded companies from first quarter of 2011. Company is separating its cellphone and television set-top box business.

As one company will focus on mobile devices and home devices while the rest will include its corporate business and wireless network equipment business i. e. phone and set-top box tie up and a second company which will combine the enterprise mobility unit, which makes two-way radios and bar-code scanners, with the wireless networks business.

The company has planned last month to separate its handset business and network equipment business because one of them is struggling to win market share and other is hit consolidation among the telecom business.

According, to co-CEO Greg Brown Motorola's handset business lost $132 million last quarter and hasn't been profitable since the fourth quarter of 2006. Jha said on a conference call yesterday that he is "comfortable" the unit will return to profitability this year. In October 2008, management delayed a planned spin-off of the handset business amid the global recession.