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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.

  1. Matthew TechSpot Staff Posts: 5,893   +53

    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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