Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business
Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business
Ericsson and Kapsch emerge as successful joint bidders for US$103 million in cash
Sale to include substantially all of the assets of th global GSM/GSM-R business with approximately 680 Nortel employees
U.S. and Canadian court approvals of sale will be sought at a joint hearing on December 2, 2009
TORONTO
November 25, 2009 — Nortel* Networks Corporation [OTC: NRTLQ] announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited (in administration), and Nortel Networks SA (NNSA) have concluded a successful auction of substantially all of the global assets of Nortel’s GSM/GSM-R business. Telefonaktiebolaget LM Ericsson (”Ericsson”) and Kapsch CarrierCom AG (”Kapsch”) are the winning joint bidders with a purchase price of US$103 million in cash. more
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Related Topics: Fixed Mobile Convergence (FMC), EV-DO, LTE, Femtocells, 3G/4G, Access, Broadband, Wireless, WiMax, IMS, Other |






