Ericsson to acquire Nortel’s wireless assets
Nortel Networks has announced that Ericsson has won the bid to acquire their wireless assets.
The deal is worth around USD 1.13 dollars.
This transaction would be conducted on a cash and debt-free basis.
It includes both CDMA and LTE operations of Nortel Networks.
This acquisition deal would however require [...]
Nortel Networks starts selling assets
Nortel Networks was once a giant. It was one of the big brands in the Canadian market.
They have been struggling since the last couple of years.
Nortel has started selling their assets now.
The company had filed for bankruptcy earlier this year.
This has been a shocking journey for the [...]
Nortel Networks files for bankruptcy
Nortel Networks is the largest telephone equipment maker in the North American market.
The company however is not in good shape as they have now filed for bankruptcy.
Nortel still remains one of the largest employers in the Canadian market.
It has around 32,000 employees. This is down from 90,000 in [...]
RIM sues Motorola for blocking new hirings
Blackberry maker Research in Motion has filed a lawsuit against the US based mobile phone maker Motorola.
RIM is claiming that Motorola is blocking current and ex-employees from joining them.
The lawsuit further accuses Motorola of unfair competition.
Incidentally, this lawsuit comes just months after Motorola had filed a lawsuit against [...]
Canada providing financial help to automakers
Canada has announced that similar to US they are also providing financial aid to automakers in the country.
The Canadian government is providing C$4 billion in loans to Canadian arms of American automakers to help them during these tough times.
The US government itself has just announced a $17.4 billion package [...]
Google, Yahoo delays the implementation of ad deal
Google and Yahoo have announced that they are now delaying the implementation of their search advertising deal.
The deal was to be implemented this month. Google would be powering some of the ads which run on Yahoo search result pages in USA and Canada.
Google decided to delay the implantation [...]
Wi-Lan takes on Motorola, Research in Motion and UTStarcom
Canadian company Wi-Lan has announced that they are now suing Motorola, Research in Motion and UTStarcom.
This lawsuit is related to patent infringement claims made by Wi-Lan.
The company said that they have filed on this lawsuit in the U.S. District Court for the Eastern District of Texas.
They [...]
Honda to enhance small car production to meet US demand
Japanese automaker Honda has said that they are going to increase the production of their small cars in the US market to meet the growing demand.
The company said that they are going to shift production of two bigger models from Canada to Alabama to maintain the [...]
AOL Video launched in India, Canada and Taiwan
US based internet company AOL has announced that they are now launching localized editions of their video portal in three markets India, Canada and Taiwan.
These localized editions would feature domestic content in addition to media from international sources.
AOL is also now working on launching similar online destinations in [...]
Educomp Solutions invests in Learning.com
Educomp Solutions has announced that they have invested in Learning.com to acquire a 51% stake in the US based portal.
The deal is worth around $24.5 million.
Educomp said that the capital has been used to purchase the existing shares as well as an infusion of new capital into the company.
The company services [...]
