Ericsson has acquired the North American GSM assets of bankrupt Nortel for $70m, this follows their successful purchase of the North American CDMA and LTE assets (for $1.13bn).
The GSM equipment is used by AT&T Mobility and T-Mobile USA. Ericsson also get 350 ex Nortel employees. The GSM operation made about $400m for Nortel last year, so the buy seems quite a steal.
The European and Taiwan assets were bought by Austrian firm Kapsch CarrierCom for $33m.
2009/11/25
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