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Tag Archives: Wireless
Nortel Postpones GSM/GSM-R Auction
Faced with the prospect of holding two auctions on the same day, Nortel has postponed the auction for its GSM/GSM-R business. The company said it is holding discussions with a number of interested parties, and will provide an update next week.
In the meantime, Nortel will hold an auction today for its metro Ethernet division. So [...]
Nortel Puts GSM Business on the Block
Nortel is selling its GSM business – an asset that many people may have not been aware that Nortel even operated given its low profile.
Nortel said it will hold an “open auction” to sell “substanially all of its globa GSM/GSM-R business”. Qualified bidders need to submit offers by Nov. 5, while the auction will be [...]
Richard Lowe Wants His Retirement Dough
Richard Lowe, president of Nortel’s wireless networks business, must be thinking about his life post-Nortel as he’s filed a creditor claim for $676,406.79 with a U.S. bankruptcy court.
In the claim filed last month with the U.S. Bankruptcy Court for the District of Delaware, he’s asking for $671,745.55 to recover the non-qualified retirement benefit under the [...]
Nortel’s Forgotten Business: GSM
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, [...]
Ottawa Gives A-O-K to Ericsson Deal
Like AAN has been saying all along, the Canadian government has given its approval to Ericsson’s $1.3 billion purchase of Nortel’s CDMA business and its LTE R&D unit.
“There are no grounds to believe this transaction could be injurious to Canada’s national security,” Industry Canada Minister Tony Clement said. “[Ericsson] has the resources and customer [...]
Nortel Sells U.K. Wireless Unit