Posted Dec. 4, 2009 at 1:04 p.m.
Ericsson to keep some Nortel employees
Report: Ericsson to retain 350 Nortel employees in Texas
Post a comment
Print this blog postE-mail blog post
Share
Ericsson to keep some Nortel employees
Related Blog Posts
- Analyst warns Nortel acquisition poses risks for Ciena
- Courts approve Nortel's business unit sale to Ciena for $769 million
- Nokia Siemens objects to Nortel’s sale of optical, Ethernet business to Ciena
- Toronto newspaper takes aim at Nortel for bonuses to ‘fat cats’
On The Web
Site Search
Get the latest news alerts: Follow LTW at Twitter.
Local Tech Wire
RESEARCH TRIANGLE PARK, N.C. – Ericsson, which is acquiring much of bankrupt Nortel’s wireless business, plans to retain some 350 Nortel employees, according to the Dallas Business Journal.
Ericsson maintains its North American headquarters in Plano, Texas, which is just north of Dallas.
Ericsson won the bidding for Nortel’s wireless efforts at a price of $1.1 billion.
The newspaper quoted an Ericsson official on the employee transfer. Nortel has some 1,300 employees in Richardson, another Dallas suburb.
Nortel is auctioning off and selling its assets as part of the liquidation process that started soon after the company declared bankruptcy in January.
Copyright 2012 WRAL Tech Wire. All rights reserved.
Featured
E-mail Preferences
The Skinny
- 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
- Big job cuts coming at IBM? Don't be surprised
- Erskine Bowles is among those who can cash in big time on Facebook IPO
- Ignore Facebook hype - Check out 'risk factors,' too
- Facebook vs. Google IPO: Which deal ranks better?
- Triangle StartUp Factory says business already booming
- Entrepreneurship remains at heart of Tech Wire mission
- Flashback: Tech Wire launched 10 years ago today