Alcatel-Lucent closes$320M Nortel UMTS deal

Alcatel-Lucent closed the $320 million deal for Nortel's UMTS assets, 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 from RCR News

Suggested Articles

The California Public Utilities Commission (CPUC) told T-Mobile and Sprint that they can't begin the merger of California operations just yet.

That’s a push back from the mid-April reopen target Apple appeared hopeful for just last week.

MTN Consulting says the industry consensus is that 5G will double to triple energy consumption for mobile operators, once networks scale.