Tag Archives: cdma

Ericsson Deal is Done

By Mark Evans | Published: November 13, 2009
The $1.13-billion sale of Nortel’s CDMA wireless business and its LTE R&D unit has been completed. “Completion of this first large-scale divestiture is a major milestone in Nortel’s plan to preserve the value of its innovation and know-how while maximizing value through the sale of its businesses,” Pavi Binning, Nortel’s chief restructuring officer, said in [...]
Posted in Financials | Also tagged , , | 14 Comments

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 [...]
Posted in Financials | Also tagged , , | 20 Comments

Nortel’s Forgotten Business: GSM

By Mark Evans | Published: September 28, 2009
For all the attention on Nortel’s CDMA business, which was sold to Ericsson for $1.3-billion, most people are probably unaware that Nortel still has a GSM wireless business that had sales of $377-million during the first-half of the year. Given that GSM has supplanted CDMA has the technology for most wireless carriers around the world, [...]
Posted in General | Also tagged , , , , | 32 Comments

Nortel Didn’t Need More Protection from Foreigners

By Mark Evans | Published: September 21, 2009
It’s really interesting to see the growing amount of political huffing and puffing surrounding the demise of Nortel. The closer Nortel gets to extinction, the more enthusiastic that politicians get about proclaiming about how things could have been different if only better decisions had been made. The latest example is federal Liberal leader Michael Ignatieff, [...]
Posted in M&A | Also tagged , , , , | 22 Comments

Ottawa Didn’t Kill Nortel; Nortel Killed Nortel

By Mark Evans | Published: September 19, 2009
The Toronto Star published a silly editorial yesterday suggesting the federal government’s unwillingness to block Nortel’s sale of its CDMA business to Ericsson is playing a key part in letting “Nortel slip from our grasp”. The editorial declared the decision shows that: “…Clement and the federal government washed their hands of the sale to foreign [...]
Posted in Financials | Also tagged , , , | 54 Comments

A Sad Tale from Mexico

By Mark Evans | Published: September 10, 2009
When Ericsson purchased Nortel’s CDMA business last month, Nortel employees in Mexico were excited about a new owner arriving on the scene to provide some much-needed stability and direction. Unfortunately, the future of the Mexican operations and its 130 employees is still uncertain. Below is a guest post from Mexican employee about the situation: On [...]
Posted in General, Wireless | Also tagged , , , | 70 Comments
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