Feeds

Nortel flogs switch biz to Ericsson

Swedes stump up $65m

Beginner's guide to SSL certificates

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
Troll hunter Rackspace turns Rotatable's bizarro patent to stone
News of the Weird: Screen-rotating technology declared unpatentable
prev story

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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.