Ericsson to pay $1.13 billion for Nortel assets

By Matthew
Jul 27, 2009
  1. 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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