Jun 22 2009 3:18PM GMT
Posted by: Kate Gerwig
Nortel, NSN, wireless infrastructure, 4G, LTE, CDMA, Ericcson, Huawei
Nortel wireless fire sale delivers North American footprint to NSN
Posted by: Kate Gerwig
Nortel, NSN, wireless infrastructure, 4G, LTE, CDMA, Ericcson, Huawei
Nortel’s wireless carrier network infrastructure division may bring in a paltry $650 million if the Nokia Siemens Networks (NSN) deal goes through. By all accounts, NSN — the joint venture of Nokia Corp and Siemens AG — will be getting a really good deal out of Nortel’s bankruptcy. The deal sets a low bar, according to The Wall Street Journal, which is pretty clear, considering Nortel was once valued at $250 billion.
NSN stands to gain Nortel’s CDMA and LTE assets. Nortel’s CDMA unit earned $700 million a year – and that was while it was in decline, according to WSJ. The big 4G LTE migration is supposed to start next year, and NSN is gathering firepower for that.
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