nortel news

Throughout the creditor protection process, Nortel has worked with its advisors and stakeholders to conduct the sales of businesses and other restructuring matters in a fair, efficient and responsible manner in order to maximize value for its creditors, and in almost all matters, resolution has been reached on a consensual basis.

Nortel entered into a Settlement Agreement with court-appointed representatives of its Canadian former employees, pensioners and LTD beneficiaries, the court-appointed representative counsel to such parties, Koskie Minsky LLP, the CAW Canada and Nortel’s court-appointed Monitor.

These agreements include the planned sale of substantially all assets of the CVAS business globally including softswitching, gateways and SIP applications.

The sale of certain Enterprise Solutions assets held by Israeli subsidiaries remains subject to court approval in Israel and Nortel will continue to work diligently to obtain such approval. All other closing conditions have been satisfied.

Nortel* [OTC: NRTLQ] today unveiled the industry’s first commercially available 100G solution and announced that Verizon has deployed the solution in their live customer network in Europe.

Ericsson (NASDAQ: ERIC) today completed its acquisition of substantially all of Nortel’s CDMA business and LTE assets in North America.

Sale process provides a timeline to sell substantially all assets within the GSM/GSM-R business globally

Allows Carriers to ‘Turn On’ SIP Devices and Services Quickly and Cost Effectively for Residential and Business Subscribers

Nortel* Networks Corporation [OTC: NRTLQ] announced today that it, its principal operating subsidiary Nortel Networks Limited, and certain of its other subsidiaries including Nortel Networks Inc., have concluded a successful auction of substantially all of Nortel’s CDMA Business and LTE Access assets.

Ericsson (NASDAQ:ERIC) has today entered into an asset purchase agreement to acquire the parts of the Carrier Networks division of Nortel relating to CDMA and LTE technology in North America.

Following the outcome* of the auction for the CDMA and Long Term Evolution (LTE) assets of Nortel, Nokia Siemens Networks (NYSE: NOK) remains focused on maintaining its leadership in the global wireless infrastructure industry and sustaining its recent momentum in the North American market.

Research In Motion Limited ("RIM") (Nasdaq: RIMM; TSX: RIM) disclosed today that it has effectively been prevented from submitting an offer for the Nortel Networks Wireless Business that is the subject of a bankruptcy auction scheduled to occur on July 24, 2009.

Communication Server 1000 Release 6.0 Delivers Key Enhancements; Tops Competitors in Energy Efficiency

Planned acquisition will keep Canada at the forefront of next-generation wireless research and development; strengthen Nokia Siemens Networks in North America and LTE

Prompted by strong demand from customers and partners, Nortel* [TSX: NT | OTC: NRTLQ] is expanding its Software Communication System (SCS) solution to accommodate enterprises beyond small and medium-size businesses. SCS brings solution simplicity, new applications, further plug-and-play interoperability and more opportunities for third-party development communities.

BT and Nortel* [TSX: NT, OTC: NRTLQ] today announced a new four-year global trading agreement for Nortel’s enterprise equipment and services including its convergence portfolio. This new trading agreement builds on the success of a 15-year relationship that has provided the UK market with leading voice applications.

Ethernet Routing Technology Enables New Applications and Collaboration for the Faculty and Students at Philippine University

Nortel* [TSX: NT | OTC: NRTLQ] has opened a new Global Network Operations Center (GNOC) in Bangalore, India to help remotely manage and support communications networks for enterprise and carrier customers across Asia, Europe and the Americas

Nortel Government Solutions (NGS), a U.S. company wholly owned by Nortel* [TSX: NT | OTC: NRTLQ], announced today that Nortel’s Optical Multiservice Edge 6500 has become the first 40G optical solution to achieve approved product listing status from the U.S. Department of Defense Joint Interoperability Testing Command (JITC).

Strategic Relationship Solidifies Nortel’s Channel Strategy And Diversifies Ingram Micro’s Unified Communications Portfolio