Ericsson has won the auction for Nortel Networks' CDMA and LTE access assets, agreeing to pay US$1.13 billion in a deal worth nearly double that of Nokia Siemens Networks' original 'stalking horse' bid of US$650 million. About 2,500 North American-based Nortel employees will join the world's largest mobile equipment vendor, of which around 400 are focused on LTE research and development.
Ericsson's win will strengthen its dominance as the world's number one mobile network vendor and see North America become the company's largest market. It follows other recent huge success in the US; in February the Swedish vendor was confirmed as a primary supplier of kit for Verizon Wireless' future LTE deployment (expected to be one of the world's first major commercial launches of the technology), and earlier this month signed a US$5 billion, seven-year deal to run the networks of Sprint Nextel (the first major US mobile operator to outsource its network operations).
source: GMBB
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