Jul 24, 2009

Nortel Wireless Auction

Nortel's wireless business goes under hammer today. Wireless folks like me are interested to see who wins this one. Wireless is one of Nortel's profit making business.

Nokia Siemens is interested in making a big bang entry into North American markets. Ericsson is also interested in improving its presence in NA markets.

What is sad is the fact that a company that was Canada's pride once has to go this way. One wonders if it was possible to bailout Nortel or was it not worth the effort.

You can check a lot of details on http://www.allaboutnortel.com/ or Globe and Mail of Canada.

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