Ericsson won an auction against Nokia Siemens Networks and private equity firm MatlinPatterson last Friday when it bid $1.13 billion; speculation then arose that Canada’s government would halt the transaction because it involved a foreign company.
But those concerns were hushed when judges gave their thumbs-up to an Ericsson-Nortel combo. The sale still is subject to regulatory and other closing conditions and, Ericsson pointed out, “the purchase price is subject to certain post-closing adjustments.”
Nortel and Ericsson expect the sale to close this year.
"The big, one-stop-shop providers just can't keep up with this pace of change." goo.gl/fb/Ew3Lq2
March 22 2019 @ 20:35:09 UTC