July 26, 2009 | Telefon AB LM Ericsson’s successful bid for Nortel’s wireless assets gives it a new advantage in the North American mobile marketplace, locking out a key competitor as carriers begin the transition to more data-intensive technology.
July 26, 2009 | Telefon AB LM Ericsson’s successful bid for Nortel’s wireless assets gives it a new advantage in the North American mobile marketplace, locking out a key competitor as carriers begin the transition to more data-intensive technology.
Ericsson’s $1.1-billion (U.S.) bid beat out offers from Nokia SiemensNetworks and MatlinPatterson Global Advisers, a New York-based private equity fund, in an auction that ended early Saturday morning.