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Ericsson to Buy Nortel CDMA, LTE Units

July 27th, 2009 link to (permalink)

Ericsson, the world's largest maker of cell phone networks, has agreed to buy Nortel's wireless network equipment unit for $1.13 billion, according to Bloomberg.The deal gives Ericsson a larger slice of North America's wireless market in time for carriers to expand to LTE (Long-Term Evolution), a...

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