Nortel announces $320M UMTS unit sale to Alcatel
After announcing the deal back, Nortel has finally reached a definitive agreement with the newly merged Alcatel-Lucent to sell its UMTS business for $320 million. The deal includes Nortel's UMTS access portfolio
: radio network controller and node B products, related services, applications, customer contracts and assets. About 1,700 of Nortel's UMTS employees will transfer to Alcatel-Lucent. Nortel's UMTS business has been operating at a loss because of a crowded field, as well as a lack of product scalability and momentum, Nortel said.
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