Nokia Siemens is getting ready to pay $650 million to Nortel for all the LTE and CDMA assets of it. Nortel has been going through some tough times and consequently it filed for bankruptcy back in January 2009. That’s how Nokia Siemens ended up purchasing that huge LTE and CDMA chunk of Nortel which should come in handy some time in the future especially since Nokia is interested in strengthening its North American presence. The purchase should be completed by the third quarter of the year as soon as the US bankruptcy court and the Ontario Superior Court of Justice will approve it.

via Nokia

Related posts:

1. Verizon Talks More LTE but There’s No CDMA Verizon is talking more and more about its future LTE...
2. Verizon Wireless Future Explained: LTE, CDMA and Lower Prices Verizon Wireless is looking towards the future and the futures...
3. Nokia Wants LTE by 2010, Not WiMAX Nokia these days seems to be more interested in LTE...
4. CDMA Nokia 8208 Announced Nokia 8208 is also present at the MWC and Nokia...
5. Nokia 1508i CDMA 1900 PCS Phone FCC Approved Nokia’s new CDMA 1900 PCS Phone, the 1580i has been...