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Nokia Siemens' need for speed on Nortel assets (from Corporate Dealmaker)

On June 22 Nokia Siemens Networks BV became the stalking-horse bidder for the wireless infrastructure business of bankrupt Nortel Corp. If its $650 million bid succeeds, it will get Nortel's CDMA operations (the world's second largest) plus its LTE assets. LTE, or long-term evolution, is a standard for the next...

Posted on June 29, 2009 9:38 AM