Nortel Networks and Ericsson announced an amendment of their previously announced asset sale fir substantially all of Nortel’s CDMA business and LTE Access assets. Under the amendment, Nortel and Ericsson have extended to November 30, 2009 the date by which to close the sale. The parties expect to close the sale prior to such date. The parties agreed to the extension in order to allow more time for the satisfaction of closing conditions, including regulatory approvals. http://www.nortel.com
Nortel and Ericsson Expect to Close Wireless Sale this Month
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From the Graveyard
You just read about Ericsson. One of the companies whose work it now carries:
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Redback Networks brought Broadband edge routers and subscriber management to Networking. That work was distinctive enough to lead to its acquisition by Ericsson for US$2.1B. The standalone name now passes into the archive — but the team and technology continue inside Ericsson today. One of 430 names here whose work outlived the company.
On this day
October 29From 25 years of the Converge Digest archive.