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Motorola Mobility ships 6% more STBs in 2011

Motorola Mobility has ended its first year as an independent company with the glad news that its Home division shipped 6% more set-top boxes in 2011 than the previous year, although it experienced a 3% dip in the final quarter.

The Home division saw a slight dip in revenues from US$ 3.6bn in 2010 to US$ 3.5bn in 2011, while operating income rose from US$ 152mn to US$ 226mn by the same comparison.

Motorola Mobility as a whole posted full-year revenues of US$ 13.1bn, up 14% from 2010, while the bottom line revealed a net loss of US$ 249mn for 2011, compared to a net loss of US$ 86mn one year previously.

The company also confirmed that Google has received clearance for its proposed acquisition of Motorola Mobility in Turkey and Russia, but is still awaiting verdicts from the US Department of Justice, the European Commission, and from the relevant authorities in Canada, China, Israel and Taiwan.

Motorola Mobility currently expects the transaction to close in early 2012, provided the requisite conditions are met, and provided also that factors "outside of the Company's control" do not intervene.

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