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Nortel sells mobile network to Ericsson and Kapsch

Nortel sells mobile network to Ericsson and Kapsch

Canada's Nortel Networks on Thursday announced it has completed the US$103 million sale of its GSM-GSMR wireless business to Sweden's Ericsson and Austria's Kapsch.
Announced on November 25, the US$103 million sale awaits confirmation by U.S., Canadian and French courts.
"Ericsson has purchased assets relating to the North American GSM business and Kapsch has purchased assets relating to the EMEA and Taiwan GSM businesses. Kapsch has also acquired the global assets of the GSM-R business," Nortel said in a statement.
The deal calls for transferring 670 Nortel jobs to its buyers.


Updated : 2021-04-17 07:58 GMT+08:00