Nortel Networks Corporation announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have concluded a successful auction of substantially all of the assets of Nortel's Multi Service Switch businesses globally. Telefonaktiebolaget LM Ericsson ("Ericsson") has emerged as the winning bidder with a purchase price of US$65 million.
Under the terms of the agreements, Ericsson's purchase includes substantially all assets of the MSS business globally including the associated Data Packet Network (DPN) and Services Edge Router (Shasta) product groups. ...
Posted on 27th September 2010
Under: Ericsson, Nortel |
Nortel Networks Corporation announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited (in administration), and Nortel Networks SA (NNSA) have completed the sale of substantially all of the global assets of Nortel's GSM/GSM-R business. Telefonaktiebolaget LM Ericsson ("Ericsson") and Kapsch CarrierCom AG ("Kapsch") have purchased the businesses for US$103 million in cash, subject to working capital adjustments.
Ericsson has purchased assets relating to the North American GSM business and Kapsch has purchased assets relating to the EMEA and Taiwan GSM businesses. ...
Posted on 1st April 2010
Under: Nortel, Samsung |
Synergy Research Group announces the publication of Carrier VoIP Q4 2009 and YE 2009 market shares. The worldwide market for Carrier VoIP totaled just over $10 billion for the full year 2009. Year over year, the market fell 18 percent; significantly less than drops measured in other Telecom and IT equipment markets. The biggest drivers for Carrier VoIP traditionally have been migrating aging TDM PSTN switches to VoIP platforms; in the last 24 months further growth has been added with Mobile Operators pursuing the Capex and OpEx advantages of IP as did the Wireline networks before ...
Posted on 26th February 2010
Under: AT&T, Alcatel, Ericsson, Nokia, Nortel, Siemens, VoIP |
Nortel Networks Corporation today announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have entered into a "stalking horse" asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantially all of the assets of its North America, Caribbean and Latin America (CALA) and Asia Carrier VoIP and Application Solutions (CVAS) business, and an asset sale agreement with GENBAND for the sale of substantially all of the assets of the Europe, Middle East and Africa (EMEA) ...
Posted on 26th December 2009
Under: Nortel, VoIP |
Nortel Networks Corporation announced that its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited (in administration), and Nortel Networks SA (NNSA) have concluded a successful auction of substantially all of the global assets of Nortel's GSM/GSM-R business. Telefonaktiebolaget LM Ericsson ("Ericsson") and Kapsch CarrierCom AG ("Kapsch") are the winning joint bidders with a purchase price of US$103 million in cash.
The sale is subject to court approvals in the U.S. and Canada, which Nortel will seek at a joint hearing on December 2, 2009, ...
Posted on 27th November 2009
Under: Ericsson, Nortel |
Nortel Networks Corporation announced that as a consequence of the rescheduling of the auction date for the sale of its global Optical Networking and Carrier Ethernet businesses to November 20, 2009 announced earlier this week, it is delaying the auction for the sale of its GSM/GSM-R business, which was previously scheduled to take place on November 20, 2009, and that it is continuing in discussions with interested parties. Nortel will provide an update on matters relating to the sale of the GSM/GSM-R business during the week of November 23, 2009.
Posted on 23rd November 2009
Under: Nortel |
Nortel Networks Corporation announced that its principal operating subsidiary Nortel Networks Limited, and certain of its other subsidiaries including Nortel Networks Inc., have completed the sale of substantially all of Nortel's CDMA Business and LTE Access assets to Telefonaktiebolaget LM Ericsson (Ericsson) for a purchase price of US$1.13 billion. The sale was subject to court approvals in the U.S. and Canada as well as regulatory and other customary closing conditions. These conditions have now been satisfied and the sale was concluded effective today.
"Completion of this first large-scale divestiture is a major milestone in Nortel's plan to ...
Posted on 16th November 2009
Under: CDMA, Ericsson, Nortel |
Nortel and LG Electronics have demonstrated the world's first 3GPP standards compliant active handover of a data transmission between a LTE network and a CDMA network. The demonstration showed that online activities like video downloads, web surfing, and VoIP calls can be maintained when a mobile data user moves between LTE and CDMA coverage zones. Nortel's CDMA business and LTE Access assets are the subject of an asset sale agreement with Telefonaktiebolaget LM Ericsson ("Ericsson") set to close in the fall of 2009.
LG Electronics (LG), a global leader and technology innovator in mobile communications, has contributed ...
Posted on 31st August 2009
Under: LG, Nortel |
"Nortel Networks said on Monday its chief executive would step down immediately and its board would shrink from nine directors to just three as the bankrupt telecom equipment maker sheds its major assets."
Posted on 10th August 2009
Under: Nortel |
Nokia Siemens Networks has taken a significant step towards strengthening its leadership in Long Term Evolution, or LTE, next generation wireless technology and expanding its market presence in North America with an agreement to acquire key assets from Nortel.
The planned USD 650 million acquisition, which will bring together the highly complementary assets of the two companies in the field of mobile radio access, adds further key talent and resources to enhance Nokia Siemens Networks' existing strength and momentum in LTE. The acquisition of Nortel's profitable CDMA business would significantly improve Nokia Siemens Networks' presence in North ...
Posted on 22nd June 2009
Under: CDMA, Nokia, Nortel, Siemens, Wireless |
"A Canadian court has allowed eight senior executives at Nortel Networks Corp (to share in the bonuses that the telecom equipment maker plans to pay out even as it fights for survival in bankruptcy protection."
Posted on 23rd March 2009
Under: Nortel |
"Nortel Networks Corp is still working on a strategy that will see it emerge from bankruptcy protection, even as the beleaguered telecom equipment maker mulls which of its assets to sell to narrow its focus, a source familiar with the situation said on Thursday."
Posted on 14th March 2009
Under: Nortel |
Alvarion® Ltd., the world’s leading provider of WiMAX™ and wireless broadband solutions, today announced that it has been notified by Nortel Networks Ltd. of its decision to repudiate the joint strategic WiMAX agreement entered into by the two companies in June 2008. Alvarion is analyzing the details of actions it will take to mitigate the impact on its business, and expects to provide more information about these actions during its fourth quarter 2008 financial results conference call on Wednesday, February 4, 2009.
The joint strategic WiMAX agreement covers, among other things, the resale by Nortel of the ...
Posted on 30th January 2009
Under: Alvarion, Nortel, Wimax |
“COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”), the largest integrated telecommunications provider in Moscow and 66 Russian cities, today announced that it has soft launched a wireless broadband network in Moscow, which is based on standard 802.16e WiMAX technology. The full commercial launch of the wireless network using the 2.5-2.7 GHz frequency range and based on Nortel technological solutions is expected to be implemented in the second quarter of 2009. Comstar invested approximately US$ 20 million in the project in 2008.
The ongoing use of Comstar’s mobile WiMAX network will be free of charge during ...
Posted on 16th January 2009
Under: Nortel, Wimax |
Nortel(1) Networks Corporation (announced today that it, Nortel Networks Limited ("NNL") and certain of its other Canadian subsidiaries will seek creditor protection under the Companies' Creditors Arrangement Act ("CCAA") in Canada. As well, certain of the Company's U.S. subsidiaries, including Nortel Networks Inc. and Nortel Networks Capital Corporation, have filed voluntary petitions in the United States under Chapter 11 of the U.S. Bankruptcy Code, and certain of the Company's EMEA(2) subsidiaries are expected to make consequential filings in Europe. The Company's normal day-to-day operations are expected to continue without interruption. Nortel remains 100% focused on serving ...
Posted on 15th January 2009
Under: Nortel |
KDDI, Japan's second largest cellular operator, will deploy a next-generation Long-Term Evolution (LTE) wireless network using a core networking solution from Hitachi collaborating with Nortel.
The new LTE network from Hitachi and Nortel will provide an overlay to the existing CDMA mobile network, enabling instant access to the bandwidth-intense multimedia content and applications demanded by KDDI's tech savvy 30 million mobile consumers and business users. The network will significantly improve user experience through greatly reduced download times for music and video services as well as providing anywhere, anytime access to bandwidth-hungry applications such as video, real-time mobile ...
Posted on 3rd December 2008
Under: 3G, CDMA, Kddi, Multimedia, Nortel |
Nortel has been selected by China Telecommunications Corporation (CTC) as a key vendor in the evolution of its CDMA network in seven provinces. CTC is one of China's largest state-owned mobile network operators.
Powered by Nortel's CDMA solution, CTC's expanded network will provide superior voice service and mobile multimedia applications - including web browsing, e-mail, instant messaging, picture messaging, gaming and advanced data services - to a rapidly expanding customer base with enhanced user experience.
Nortel's innovative CDMA Enhanced 1X technology will also help CTC protect its existing network investment by delivering operational cost savings through the re-use ...
Posted on 10th November 2008
Under: China, Nortel |
Nortel and LG Electronics have taken LTE from the labs to the streets to complete the world's first mobile LTE live air handover. Engineers at Nortel's Research and Development Centre of Excellence in Ottawa showed streaming HD video on an early LTE mobile device from LG Electronics while driving at speeds of 100 kms per hour and moving between coverage sites. This advancement shows the capabilities of Nortel's LTE solution in real world conditions and brings it closer to commercial readiness, which is expected by the end of 2009.The ...
Posted on 31st August 2008
Under: LG, Nortel |
Flat Wireless, a limited liability company (LLC) doing business as Cleartalk in Texas, has deployed a CDMA network from Nortel to deliver high quality, mobile communications to customers with flat-rate voice plans, unlimited services like text messaging, long-distance calling and web surfing. With the new network, Cleartalk will now be able to extend their unlimited services to customers in Amarillo and Lubbock.With Nortel's versatile solution, Cleartalk can deliver these popular services to new markets in both rural and highly populated areas of Texas to take advantage of its recently acquired Advanced ...
Posted on 31st August 2008
Under: Nortel, Wireless |
According to recent market research commissioned by Nortel, consumers want more convenience, flexibility and cost savings from their VoIP and communication applications. This is good news for service providers, thanks to Nortel's new IP Powered Home solutions - a variety of flexible, innovative application bundles for the consumer market that combine personal Internet, TV and home phone services into simple, customizable packages.Many consumers don't have access to converged communications capabilities that enable consistent IP communications across fixed phones, computers, mobile phones and television. Although some consumers today have the beginnings of unified communications solutions in ...
Posted on 19th May 2008
Under: Nortel |