Nokia Siemens Inks $650M Deal For Nortel Assets
Nortel confirmed Friday that the company has entered into a stalking horse agreement with Nokia Siemens for the sale of nearly all of its code division multiple access business. Nortel's wireless business is the second largest supplier for infrastructure for CDMA, a mobile phone standard. The deal also includes Nortel's next-generation wireless broadband technology LTE Access assets.
Nortel also announced Friday that it...
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