Multiple news sources are now reporting that bankruptcy courts in both Canada and the U.S. have approved the sale of Nortel's wireless assets to Sweedish telecom company Ericsson.
Barring an intervention from the government, this ruling means Ericsson's $1.13 billion purchase is official with a transition expected in Q3.
For the money spent, Ericsson has gained 2,500 employees from Nortel, including 400 engineers working on next-generation wireless technology along with patents for CDMA and LTE technology.
Hundreds of millions of people, Fortune 500 companies, and government institutions around the world trust their networks to Nortel's reliable and... [more]
Robert Janelle
Robert Janelle is a freelance technology journalist living in the National Capital Region. He's spent time covering the Ottawa start-up scene as a columnist and feature writer with his work in National Capital Scan, The Ottawa Citizen, The Ottawa Sun, Kingston Whig-Standard and The Escapist. He also suffers from a mild addiction to video games.
