Inside the Nortel-Nokia Siemens Deal

Nokia (NOK) Siemens Networks negotiated a shrewd $650 million agreement to buy the crown jewel of the bankrupt Nortel (NT) Networks–the shrinking, but highly profitable voice-only wireless technology called CDMA–together with an R&D group developing systems to upgrade carrier networks to ultra-broadband speeds.

After months of negotiations in Munich, Toronto, Dallas and New York, and a tense final day in the offices of the law firm Cleary Gottlieb Steen & Hamilton, the companies signed a deal late Friday. The timing was somewhat unfortunate for Nortel. It believed it had to announce the deal quickly, along with its decision to wind down its business by selling off its assets and delisting its shares, to comply with the rules of the Toronto Stock Exchange but feared the announcement would be seen as if it were trying to bury the news.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »