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Canadian wireless infrastructure giant, Nortel, has been in dire economic straits lately, having filed for bankruptcy in January and consequently axing their WiMAX program. The vultures are circling, and the biggest one is Nokia Siemens, who, according to a recent report, is eying Nortel’s CDMA, VoIP and R&D divisions. Three bidders came to the table looking at Nortel’s enterprise division, but we’ll have to wait and see how their bankruptcy advisor, Lazard Freres & Co., manages the deal. There are creditors being kept at bay by the bankruptcy protection, and Nortel is dropping prices on their products and services to quickly make up that money. Back in their hay-day, Nortel was kind of a big deal, but o, how the mighty have fallen. Hopefully Nokia-Siemens will be able to puts what’s left to good use.
[via WSJ]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
