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Ericsson to pay $1.13 billion for Nortel assets

Discussion in 'TechSpot News and Comments' started by Matthew, Jul 27, 2009.

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  1. Matthew TechSpot Editor, Community Manager

    Swedish telecomm giant Ericsson has reportedly won an auction for the bankrupt Nortel’s wireless technologies unit. Outbidding rival Nokia who recently bagged Nortel’s profitable division for $650 million, Ericsson offered $1.13 billion for the wireless division.

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    Matthew, Jul 27, 2009
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