Ericsson To Nab Nortel China Joint Venture For $50M
Through the deal, Ericsson will acquire substanitally all of the assets of GDNT, a Chinese joint venture between Nortel subsidiaries Nortel Networks Ltd., Nortel China Ltd. and certain third parties. Nortel Networks Ltd. and Nortel China Ltd. together currently own 62 percent of GDNT.
GDNT, founded in 1995, provides leading edge telecommunications equipment and...
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