Alcatel-Lucent closed the $320 million deal for Nortel's UMTS assets [1], which includes about 1,700 of Nortel's UMTS employees. The deal closed on December 31, following regulatory approvals. The new assets position Alcatel-Lucent as a market leader for building out 3G and 4G networks. The deal closely follows the final approval of a $2.25 billion global settlement between Nortel and its shareholders to settle a couple of lawsuits surrounding financial results between 2001 and 2005.
For more on the Alcatel-Lucent UMTS deal:
- check out this article [2] from RCR News
Related Articles:
> Qualcomm and Motorola to jointly develop UMTS handsets. Article [3]
> T-Mobile USA's UMTS plans. Article [4]
> Release: Cingular to tap Alcatel-Lucent for UMTS migration. Article [5]
> Nokia, Ericsson to provide 3G for T-Mobile USA. Article [6]
Links:
[1] http://www.fiercewireless.com/story/nortel-announces-320m-umts-unit-sale-to-alcatel/2006-12-04
[2] http://rcrnews.com/apps/pbcs.dll/article?AID=/20070102/FREE/70102008/1013
[3] http://www.fiercewireless.com/story/release-qualcomm-and-motorola-to-collaborate-on-umts-handsets/2006-11-13
[4] http://www.fiercewireless.com/story/round-up-t-mobile-usa-s-umts-plans/2006-10-09
[5] http://www.fiercewireless.com/node/7988
[6] http://www.fiercewireless.com/story/nokia-ericsson-to-provide-3g-for-t-mobile-usa/2006-11-27