Cleary Gottleib Steen & Hamilton

Inside the Nortel-Nokia Siemens Deal

Sara Silver, Reporter, The Wall Street Journal in News on June 23, 2009 at 3:39 pm PT

Nokia Siemens Networks negotiated a shrewd $650 million agreement to buy the crown jewel of the bankrupt Nortel 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.