August 7, 2009 | Wall Street Journal – TORONTO (Dow Jones)–Nortel Networks Corp. (NRTLQ) Friday defended its plan to sell its wireless network gear operations to L.M. Ecrisson Telephone Co. (ERIC), countering arguments Nortel is giving away assets funded by Canadian taxpayers and is undermining Canada’s national security.
August 7, 2009 | Wall Street Journal – TORONTO (Dow Jones)–Nortel Networks Corp. (NRTLQ) Friday defended its plan to sell its wireless network gear operations to L.M. Ecrisson Telephone Co. (ERIC), countering arguments Nortel is giving away assets funded by Canadian taxpayers and is undermining Canada’s national security.
Some politicians and pundits have argued against the sale, claiming Canadian taxpayers helped Nortel fund the development of technology and patents for its CDMA and next-generation LTE wireless next-generation technology.