Alcatel buys Nortel 3G unit
Alcatel is continuing its rollup of North American telecom equipment assets. The French telecom equipment giant, which is in the process of buying U.S. telecom gear leader Lucent Technologies, said Thursday it will acquire the high-speed wireless equipment making assets of Canada's Nortel Networks for $320 million in cash.
The unit makes 3rd-generation technology, which supports the rapid transfer of voice and data, from Internet traffic to video and music. Nortel is selling the unprofitable division so it can focus on even-faster...
» Read the rest of the post
No Votes
