Nortel Misses Out on Sprint Deal

As the Wall St. Journal reported last week, Nortel has not been selected to be part of Sprint Nextel’s suppliers for its $1.5-billion to $2-billion WiMax project. Instead, Sprint selected Nokia. In a report, Genuity Capital analyst David Hodgson said “We believe this is a significant blow to Nortel, which had high hopes (both internally and externally) of being the third supplier”. According to the Ottawa Citizen, Hodgson said Nortel may have lost out on the Sprint deal because it wasn’t willing to share the risk financially as Nokia, Motorola and Samsung.

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