Nortel is long in news now. Earlier, we have talked about Avaya’s plan with Nortel. And today that fate of Nortel has been taken further, Ericsson has won the bidding over the wireless division of Nortel Networks, agreeing to pay US$1.13 billion for Nortel’s CDMA business and LTE Access technology .. Read Further »

Nortel was once among the most powerful Telecom euipment manufacturer. This Canada-based company once had a stock quote of $240/share. Industry had worst for Nortel, It went down to as low as few cents recently. After struggling for years and Filing Bankruptcy under chapter 11, Nortel was desperately looking for a total Overhaul and an Interested Investor. Today, the leaders finally found a breath of relief. Nortel finally finds a hope. Nortel has entered into a .. Read Further »