Feeds

Nortel flogs switch biz to Ericsson

Swedes stump up $65m

Combat fraud and increase customer satisfaction

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. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.