Picking apart Nortel's wireless assets

摘要

Earlier this summer Nokia Siemens Networks offered $650 million for Nortel's wireless assets - but not all of them. NSN cherry-picked what it felt were Nortel's prize possessions: its highly profitable CDMA business and its long-term evolution technology assets. But NSN left a considerable amount of Nortel's wireless assets unspoken for. Another vendor could choose to scoop up those individual pieces or challenge NSN with its own bid for the CDMA and LTE units or for the whole wireless networks group. Rumblings from creditors indicate that NSN's price is far lower than they expected, and in July there already was talk of recapitalizing Nortel if any higher bids didn't emerge.