Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business

Focus: Consumer Electronics

Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business
- Ericsson and Kapsch emerge as successful joint bidders for US$103 million in cash- Sale to include substantially all of the assets of the global GSM/GSM-R business with approximately 680 Nortel employees- U.S. and Canadian court approvals of sale will b By marketwire TORONTO, ONTARIO -- (Marketwire) -- 11/25/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) 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 concluded a successful auction of substantially all of the gl.....


	Submission Date: November 24, 2009 Submitted By: marketwire marketwire Number of Views: 68 Email This Article to a Friend	Related Stories: More Related Stories