Financial Times FT.com

Ericsson faces last hurdle for Nortel assets

By Paul Taylor in New York and Andrew Ward in Stockholm

Published: July 26 2009 17:54 | Last updated: July 26 2009 17:54

US and Canadian courts are expected on Tuesday to approve Ericsson’s $1.1bn bid for most of the core wireless assets of Nortel Networks, the Canadian telecoms equipment company operating under Chapter 11 bankruptcy protection.

The assets include Nortel’s businesses in the CDMA wireless technology used in North America.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this