In some more housingkeeping, Alcatel-Lucent has signed a definitive agreement to buy Nortel Networks Corp.’s UMTS radio access business for US$320 million. Alcatel-Lucent will acquire Nortel’s UMTS radio access technology and product portfolio, as well as customer contracts. About 1,700 people will join Alcatel-Lucent, including 1,100 R&D engineers based mainly in France, Canada and China.
Nortel-Alcatel Sign Definitive Agreement
In some more housingkeeping, Alcatel-Lucent has signed a definitive agreement to buy Nortel Networks Corp.’s UMTS radio access business for US$320 million. Alcatel-Lucent will acquire Nortel’s UMTS radio access technology and product portfolio, as well as customer contracts. About 1,700 people will join Alcatel-Lucent, including 1,100 R&D engineers based mainly in France, Canada and China.