Nortel Networks Limited, based in Brampton, Ontario, was a telecommunications devices leader, offering a wide range of products such as switching, wireless and broadband systems for carriers and service providers, telephones and systems for home and business customers, computer telephony integration, multimedia, and telephone network management systems. Unfortunately, in 2009, Nortel had to file for bankruptcy and sold its different assets to other companies such as Ericsson and Avaya. Ericsson acquired Nortel’s CDMA and LTE assets while Avaya bought the enterprise and government businesses.
FAQ
What is Nortel Networks?
Nortel Networks Limited was a Canadian multinational telecommunications and data networking equipment manufacturer.
When did Nortel Networks file for bankruptcy?
Nortel Networks filed for bankruptcy in 2009.
Which companies acquired Nortel Network’s assets?
Ericsson acquired Nortel’s CDMA and LTE assets while Avaya bought the enterprise and government businesses.
Conclusion
The bankruptcy and asset sales of Nortel Networks were a significant event in the telecommunications industry, given the company’s stature and vast product offerings. Its CDMA and LTE assets were acquired by Ericsson, while the enterprise and government businesses were bought by Avaya.
