Ericsson scores Nortel's CDMA and LTE assets with $1.13B bid

Filed under: CDMA, LTE

Arguably the crown jewel lying in fallen giant Nortel's corpse, the company's CDMA and LTE infrastructure units have been pursued by all the usual suspects -- Nokia Siemens and Ericsson, just to name a couple -- plus some unusual ones like fellow Canadian company RIM. That party appears to be drawing to a close, though, with Ericsson emerging victorious to the tune of $1.13 billion. Ericsson apparently has a vision that adding Nortel's bits will help it expand its North American footprint, and it thinks it'll be keeping about 80 percent of the existing staff on board to do so; first, of course, the deal has to actually close, which will happen later in the year if everything goes according to plan.

[Via Phone Scoop]

Ericsson scores Nortel's CDMA and LTE assets with $1.13B bid originally appeared on Engadget Mobile on Mon, 27 Jul 2009 11:48:00 EST. Please see our terms for use of feeds.

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