Feeds

Nortel flogs switch biz to Ericsson

Swedes stump up $65m

Reducing the cost and complexity of web vulnerability management

Nortel has sold its multi-service switching business to Ericsson for $65m.

The deal, which will need approval from the bankruptcy courts, gives Ericsson most of the MMS business, along with Data Packet Network and Services Edge Router products and associated intellectual property.

Customer contracts and most staff will also transfer to the new owners.

Nortel said it would work hard to ensure a seamless transition for customers and maintain the high service the company is known for.

Ericsson paid $1.13bn for Nortel's CDMA and LTE Access business in 2009.

The company said shareholders should not expect any benefit from the deal.

Nortel slid into Chapter 11 in January 2009. The Canadian giant, which had been around over 100 years, had never really recovered from the effects of the dot com crash in the early 2000s.

Nortel's full sale statement is here. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.