Nortel bidding war


Ericsson to Battle for Nortel Wireless Unit

Nortel Networks Corp.’s (NT) wireless unit goes up for auction tomorrow in Canada and at least three foreign companies will battle one another for the division’s assets. Nokia Siemens Networks was the first corporation to say it wanted Nortel’s wireless business. But then MatlinPatterson stepped in with a higher bid and now Ericsson (ERIC) will take […]


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