Nokia Siemens Set To Buy Nortel Wireless Units (redOrbit)

Nokia Siemens Networks, one of the largest telecommunications solutions suppliers in the world, announced Saturday that it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million deal to strengthen its position in North American markets.The Finnish-German joint enterprise said it was buying the LTE and CDMA assets of Nortel, a once powerful contender in the …

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