US, Canadian Courts OK Major Nortel Asset Deals
By Melissa Lipman ( December 3, 2009, 2:27 PM EST) -- Nortel Networks Inc. has received approval from U.S. and Canadian bankruptcy courts for two of its major asset sales: a $769 million deal to send its optical networking and carrier Ethernet assets to Ciena Corp. and a $70 million agreement to sell its North American GSM assets to Telefonaktiebolaget LM Ericsson....
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