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Ericsson to pay $1.13 billion for Nortel assets
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07-27-2009
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Ericsson to pay $1.13 billion for Nortel assets
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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