Nokia Siemens to acquire Nortel’s LTE and CDMA assets
Canada-based Nortel, once North America’s largest telecommunications equipment manufacturer, filed for bankruptcy in January 2009 after a turnaround effort failed. As part of its bankruptcy proceedings, Nortel will sell its LTE and CDMA assets to Nokia Siemens for a cool $650 million. The acquisition will improve Nokia Siemen’s position in both North America and the growing LTE business. The acquisition is subject to approval from both the US bankruptcy court and the Ontario Superior Court of Justice but it’s expected to close in Q3 2009.
Whoa!
Nokia coming for you all bitches lol
hope their wireless junk is better than their landline crap otherwise nokia just bought a bunch ‘o useless garbage
Nortel’s equipment runs T-Mobile’s 2G equipment in the New York area, probably elsewhere too.
Their 3G equipment is made by Ericsson.
5th
Nokia should get back, full-fledged, in the CDMA game. This probably bodes well for vzw since they are operating both the mentioned networks for the next five years
Unlike its soon to be meaningless -if they don’t do something about it(or buy RIM) handset business. Nokia is pretty strong in the network equipment side of the business, and this can only make them better. As for the handset business, not moto yet but on the same path
@ gokmengs
Nokia’s handset business is weak? Wow…you don’t have a clue.
@ gokmengs
you are an idiot. Nokia is doing just fine and is no where near Motorola. You must be an iPhone fanboy that thinks America is the be all end all. Nokia is THE market leader in mobile handsets and its not even close. The second place company (Samsung) could double their marketshare and still be behind Nokia’s 38%-40% global marketshare. Gokmengs, do not post anything unless you are sure of what youre talking about….that is unless you want everyone reading to think youre a douchebag. I think youre a douchebag.
@Thisguy
Let me start of by saying You are thee quintessential douchebag.
I use a Blackberry Bold, if you took of your fanboi glasses before reading my post, you would understand that I was referring to the smart phone segment of the business. Since you are a dumbass fanboi you didn’t get that.
Post intelligently before you start your name calling. You fail at life
Monopoly, Sherman Act – Wtf???
Is gokmen seynova mad with himself and projecting it upon others?
A wittle ‘fanboi’ perhaps?
“As for the handset business, not moto yet but on the same path”…………………………………………………LOL HAHAHAH fuckin’ moron.