Nortel-Alcatel Sign Definitive Agreement

In some more housingkeeping, Alcatel-Lucent has signed a definitive agreement to buy Nortel Networks Corp.’s UMTS radio access business for US$320 million. Alcatel-Lucent will acquire Nortel’s UMTS radio access technology and product portfolio, as well as customer contracts. About 1,700 people will join Alcatel-Lucent, including 1,100 R&D engineers based mainly in France, Canada and China.

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One Response to “Nortel-Alcatel Sign Definitive Agreement”

  1. Lo Says:

    So Mike Z definitively means “mickey zero”… The only good news is we will no more receive his stupid mails!

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