Ericsson announced its interest in Nortel’s wireless assets late, but it came home the winner, paying $1.13 billion for Nortel’s LTE and legacy CDMA business. The deal will likely almost double Ericsson’s revenues in North America over the short term; Nortel’s CDMA operation ran at about $2 billion last year as compared to Ericsson’s $2.7 [...]
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Nortel’s CDMA and LTE wireless assets are first up on the block today. The good news for Nortel is 1) There are multiple bidders and 2) The price tag seems to go up every time someone issues a press release. Nokia Siemens Networks, Research in Motion, Ericsson, and MatlinPatterson have all made offers in some form. [...] |
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