It seems that Sweden’s LM Ericsson has won the bidding war over the wireless assets of Nortel Networks, agreeing to pay $1.13 billion almost double the initial offer made by Siemens Nokia for $650 million.

Cheers!

References;

http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100259793&locale=en-US

http://www.nytimes.com/2009/07/27/technology/27nortel.html

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  2. And the winner is – Avaya
  3. Nortel is no more…
  4. Nortel files for bankruptcy
  5. Will Google acquire the last bits of Nortel?