Another piece of Nortel is sold – wireless data technology for $10M to Fujitsu
Get the latest news alerts: Follow LTW at Twitter.
Local Tech Wire
RESEARCH TRIANGLE PARK, N.C. – Telecommunications gear Nortel Networks is selling some of its wireless technology to Fujitsu in a deal worth $10 million.
Bankruptcy courts in the U.S. and Canada must still approve the deal. If the courts give their OK, the deal is expected to close before the year ends.
The technology involved was not part of an earlier auction in which Nortel sold wireless technology to Ericsson for more than $1.1 billion.
Nortel is in the process of selling its Optical networking business to Ciena if a higher bid is not received in November.
In addition to the Ericsson deal, Nortel has agreed to sell its Enterprise phone business to Avaya for some $900 million.
Nortel employs some 1,700 people in the Triangle area, many of whom work with the Enterprise business.
Featured
Hot Off The Wire
- Red Hat's new Fedora lead; Cree LED breakthrough; Google, Cisco top 'green' list; Oracle rejects SAP settlement; Yahoo board shakeup
- Will Cisco report progress in its turnaround efforts?
- Cisco server fire threat; Lenovo Android upgrade; cloud startup vs. Cisco; Epic's Blesinski to host awards; Google 'Solve for X'
E-mail Preferences
The Skinny
- Groundwork Labs refocuses mission as Triangle Startup Factory nears launch
- Epic Games' Tim Sweeney reaps arts Hall of Fame honor today
- Charlotte's startup efforts pick up steam as more data pours in
- 'Battle in Bay 7' returns - Are you techies ready for some basketball?
- Inside RTP's new angel fund: Founders meeting 'significant' need
- Who won 'Social Bowl'? Super Bowl ads paying fans to play
- RTP broadband firm Overture, minus two top execs, launches new look
- Will RTP-based ChannelAdvisor go public? They're thinking
- What brands are winning Super Bowl hype? Two Durham firms to find out
- In Super Bowl of social media, Patriots win, Triangle firm says