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Earlier this week, Nortel sold its GSM and GSM-R business units for $103-million – Ericsson paid $70-million for the North American assets, while Kapsch paid $33-million for everything.
Now, $103-million is nothing to sneeze at but it seems like a...
Update: CBC (television) will be running a report tonight on its investigation into 72 Nortel executives getting additional bonuses.
If the Nortel soap opera could turn any more bizarre, the CBC has obtained documents that indicate Nortel launched a...
Ericsson has picked up another part of Nortel’s wireless portfolio by acquiring part of the GSM business in a deal that also involves Kapsch CarrierCom AG.
Ericsson is buying $70-million for certain assets of Nortel’s GSM business in North America,...
Nortel has sold 173 acres of real estate in suburban Ottawa for $8.85-million to an undisclosed purchase (aka 561121 ONTARO INC.) – land purchased during the telecom boom but never developed.
In the most recent Monitor’s Report, Nortel and its real...
Update: The auction of the GSM/GSM-R business is being held today.
It has been nearly a year since Nortel filed for bankruptcy protection, and five months since the company announced it was going to sell all of its assets instead of attempting to...