Ericsson Canada’s Mark Henderson Talks About Nortel Deal

By Mark Evans | Published: October 30, 2009

The Globe & Mail’s Simon Avery did a Q&A with Ericsson Canada president Mark Henderson about the company’s purchase of Nortel’s CDMA business and LTE R&D unit. Among the highlights is the that the deal will double Ericsson’s R&D spending Canada, which totalled $126-million in 2008.

More: Nortel said today that the deal with Ericsson has been amended, and that the closing date has been extended to Nov. 30. “The parties expect to close the sale prior to such date. The parties agreed to the extension in order to allow more time for the satisfaction of closing conditions, including regulatory approvals,” Nortel said in a press release.

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  • zeroman

    Ericsson has been in Canada but need to see a long term evolution (LTE how ironic) for R&D in Canada. Many companies set up shop for R&D, Marconi, Cisco, Avaya, Agere, SS8 but slowly pulled out or brought operations to an absolute minimum. There are others who have grown their Canada operations several fold.

    Until there is a plan for Canada showing significant R&D developing new technology, there will always be skeptcism. Canadians have a reason to be upset. After all their iconic telecom firm has disappeared. No matter how multinational companies are there will always be some national identity. That's why Ericsson belongs to the Swedes, Nokia to the Fins, Nokia Siemens to the Fins and Germans, Alcatel to the French and Cisco to the Americans.

    Its not only R&D but also being part of the community by filing corporate taxes (billions), supporting programs, donations or attracting other companies to build around it. Many companies already mut be reducing staff or closng shop since there is no more Nortel. The void can never be filled with Nortel's demise no matter what the bureaucrats say.

  • protosphere

    “that the deal will double Ericsson’s R&D spending Canada, which totaled $126-million in 2008.”

    Ericsson also indicated it would be seeking the same liberties extended to Noika-Siemens had that deal gone through with the $300M government EDC loan.

    Is this what it boils down to? Paying for the buyer to take it, sounds about right losing money =) …years worth of R&D and a far cry from what Nortel use to spend every year, around $2B annually wasn't it?.

  • NortelTragedy

    Think E/// will buy GSM to block NSN fro NA (AT&T, TMO, IESPs)?

    Or does NSN have everything to lose and MUST win?

  • yes4aapl

    OK my friend
    The Nortel game is dangerous.
    Look
    First
    Nortel went from ch11 to ch7 with no public announcement.
    MatPat was blocked from bidding on Nortel.
    and our friend DanLeonida was injected with a bacteria and is in hospital as we speak.he is in hospital yet..
    Do some govern agents use bio weapons?
    As I know the history they do. Russians were killing people around the world with injections in public places /on a bus as an example/
    Did someone injected Bouchard, Lucien Bouchard, premier of Quebec and leader of the Parti Québécois, with flesh eating bacteria so he would not separate Quebec from Canada?
    I think so.
    What we can do about it?
    The only way is talk about it on public forums.
    Nortel, Nortel, Nortel
    The biggest fraud ever and the biggest cover up story!
    http://www.cbc.ca/canada/story/2001/01/10/bouch…

  • yes4aapl

    Who is DanLeonida?
    Dan is a fighter!
    Dan fights for intellectual property rights.
    Nortel was stealing IP from its engineers.
    Claims would be in Billions if filed.
    Dan had few own patents.
    At one point Nortel wanted to settle with him at $20 mill.
    He rejected that offer.
    He exposed ex_Nortel CEO Jean C. Monty for what he was.
    a crook
    Jean C. Monty shorted NT stock /for bce/ when he was advising J Roth for the directions Nortel should take in the future.
    Jean C. Monty was bragging in the public articles about $4 bill gain on shorting NT stock.
    The public articles were removed from the public access since Dan Leonida talked about that.
    Is it all coincident?

  • horace_grimswold

    Ericsson will keep these wireless stragglers on for a year or so, and flush them down the toilet in a heartbeat once Verizon gives the all-clear signal.

    What do these wireless folk possess that Ericsson doesn't have already? LTE software experience? Canadian passports?

    Smoke and mirrors

    Hocus-pocus

  • Teleguy

    Interesting…also, James Bagnall is doing a series in the Ottawa Citizen all this week titled “Who killed Nortel”. Part 1 is in today's paper. He discusses in some detail how the BoDs decided to put Nortel in Chpt11.

    http://www.ottawacitizen.com/news/nortel/index….

  • Lookahead

    After Z man appeared in the Ottawa parliament hill, I think Z man and BoDs were scared of being caught in the court actions, so they fleeted away after many years milking Nortel. However, the justice will be (should be) enforced to these thieves. All we need to do is to promote the media attentions.

  • whatnext4nt

    This is a disgusting, juvenile, ignorant, and false comment. You have no idea what you are talking about do you?

  • http://nortelinsider.wordpress.com/ Desk Jockey

    Here is a link to the story:
    http://www.kelowna.com/2009/10/30/who-killed-no…

    “The fact that directors did not have such a plan before filing for creditor protection was telling. It did not bode well for Nortel’s ability to re-emerge as a standalone corporation.”

    Very telling indeed. This confirms that the BoD was clueless and inept, and shareholders have a right to be outraged.

  • horace_grimswold

    Of course I have no clue what I'm speaking about regarding Nortel divestitures:

    http://www.allaboutnortel.com/2009/07/02/nokia-…

  • freqmgr

    Hmmm, I guess then the projections that VzW will keep their CDMA 1x network up until ~2020 is a misperception…..but that certainly is what many beleive they will do. Part of the transition to LTE from Huawei and others.

  • nomorent

    You are right. It is disgusting. In that 400+ LTE staff in Ottawa, there are at least 300 priceless functional managers, architects and project managers.
    There is no way Ericsson can live without them.

  • less

    Sigma charts need to be created, meticulously kept and interpreted by qualified personnel only. Ericsson lags way behind in this forward-focused synergies leveraging paradigm discipline. Prios, One-on-One, Career Development,e tc, it all needs to be continued, and more meticulously than ever.

  • NortelTragedy

    How is E/// going to make it without Hackney? He was the leader of L6S chartware and pet projects. Clearly, E/// will have to buy out Avaya to secure Hackney to lead the BBs. My money is going to Avaya. Hackney will create the velocity needed to transform time-to-market and hyperconnectivity and systems integrated multimedia and UC.

  • less

    Aye, damn them frivolous mob lawsuits keeping Nortel down…

    Those funds would be better served fueling NTs best-of-breed tradition in value-added core competencies and best practices supporting customer-centric enterprise on the near-event- horizon toward that next-generation mindshare which could boil the ocean with no mission-critical tail risk whatsoever.

    Simply put, all that needs to be done is secure the funds from the rabid hordes and send some of that money Hackneys way and let him to fix it The Nortel Way.

  • NortelTragedy

    Don't you mean “best-of-greed” …

  • less

    You said it I didn't. I don't want to get sued any more than necessary…

  • Dan_Leonida

    Yappy, Yappy Yappy,

    “…our friend DanLeonida was injected with a bacteria and is in hospital as we speak.”
    ==================================================
    I don't know that, but I am considering it as a possibility for the following reasons:

    1) – I am a very healthy person.

    2) – My medical charts indicate that I was admitted to ER with acute pneumonia on the 20th of August 2009 and heavily sedated [placed in a comma] for about two weeks. Yet… I have files with creation dates as late as the 28th of August as well as posts on Yahoo Message Board also as late as 28th of August!!!

    3) – I have no recollection of any symptoms and/or progression of symptoms from mild to acute over a period of two or three days. For this reason I allow for the possibility that the acute pneumonia was “served” to me already incubated!

    4) – Most likely the hospital [Vancouver General Hospital] made a mistake in recording 20th of August as my admittion date when I can produce files and public posts dated Aug. 28th.

    IMHO it is more likely that the admittion date was 28th of Aug. or later. Concidently, Nortel pps jumped about 100% on the 26th and 27th of August.

    You be the judge, Yappy!

    danleonida

  • Dan_Leonida

    Yappy, Yappy Yappy,

    “…our friend DanLeonida was injected with a bacteria and is in hospital as we speak.”
    ==================================================
    I don't know that, but I am considering it as a possibility for the following reasons:

    1) – I am a very healthy person.

    2) – My medical charts indicate that I was admitted to ER with acute pneumonia on the 20th of August 2009 and heavily sedated [placed in a comma] for about two weeks. Yet… I have files with creation dates as late as the 28th of August as well as posts on Yahoo Message Board also as late as 28th of August!!!

    3) – I have no recollection of any symptoms and/or progression of symptoms from mild to acute over a period of two or three days. For this reason I allow for the possibility that the acute pneumonia was “served” to me already incubated!

    4) – Most likely the hospital [Vancouver General Hospital] made a mistake in recording 20th of August as my admittion date when I can produce files and public posts dated Aug. 28th.

    IMHO it is more likely that the admittion date was 28th of Aug. or later. Concidently, Nortel pps jumped about 100% on the 26th and 27th of August.

    You be the judge, Yappy!

    danleonida

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