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 to cut 3,200 jobs more
Nortel Networks has announced that they are now going to cut another 3200 jobs from their global operations.
The company is currently under bankruptcy protection.
Nortel said that these latest round of job cuts will be made over the next several months.
These are in addition to 1,800 job [...]

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 [...]

Nortel latest to announce job cuts

Nortel has become the latest company to announce a job cut.
The company has just posted a net loss of US$3.4 billion for the third quarter.
They are now going to cut 1,300 jobs as they aim to cut costs and return back to profitability.
Nortel had posted a net profit [...]

Nokia Siemens Networks closing in on Ericsson in mobile network market
Market research firm Dell’Oro has said in a report that Nokia Siemens Networks is rapidly closing in on Ericsson in the mobile network market.
Nokia Siemens Networks managed to enhance its market share to 29 percent in the quarter from 25 percent a year earlier.
It gained [...]

Nortel Networks sues Vonage over patent infringements
Nortel Networks has now become the latest telecom company to challenge Vonage over the patent infringement issues.
They have filed a lawsuit against Vonage which has already suffered heavy damages in similar lawsuits in the recent past.
They are claiming that Vonage violated nine patents related to Internet phone services.
Nortel [...]

Bain Capital Partners acquiring 3Com for $2.2 billion
Computer networking company 3Com has announced that they have now decided to be acquired by Bain Capital Partners.
The deal is worth around USD 2.2 Billion and it would also give a minor stake in the company to Huawei Technologies of China.
3Com has been struggling to compete against [...]