Nortel, Nokia talking

TORONTO — Nortel Networks Corp. (TSX:NT) is reportedly in talks to shuffle large pieces of its business to Nokia Siemens Networks, and that could send a flood of customers and new technologies into the hands of the world’s No.1 cellphone maker.

TORONTO — Nortel Networks Corp. (TSX:NT) is reportedly in talks to shuffle large pieces of its business to Nokia Siemens Networks, and that could send a flood of customers and new technologies into the hands of the world’s No.1 cellphone maker.

The Wall Street Journal said that agreement would include Nortel’s profitable carrier networks unit — which markets to phone companies and the like — and a research unit developing a next-generation wireless technology.

Edward Zabitski, an analyst at ACI Research, said that buying up the assets would give Nokia Siemens a competitive advantage and access to Nortel’s customers, which it could then transition into the next generation of cellphone technology.

The iconic Canadian telecom technology company, which originated as part of Bell Canada and has a history stretching back a century, has suffered multiple blows in recent years and has been operating under court protection since January.

Some observers say Nortel has suffered from a lack of foresight and a slow response to developing changes in the industry and technology.

Zabitski says that it could be attractive for Nokia Siemens to shift Nortel customers still using the CDMA wireless standard to a technology.

Nokia Siemens is a joint venture between Finland’s Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI), the German industrial conglomerate.

Nokia has been a leading vendor of the GSM standard, which is used throughout Europe and many other parts of the world. North American carriers have historically backed the CDMA standard but the balance has been tipping as wireless technologies evolve.

Just Posted

One strong wind leaves years of replanting work for Red Deer parks staff

High visibility boulevards already replanted, neighbourhood work starts next year

Red Deer-area indigenous filmmakers invited to apply for $20,000 grant

Storyhive launches Indigenous Storyteller Edition

Restaurant closed after compliance team patrol

Public Safety Compliance Team checked eight bars and restaurants on Oct. 19

Red Deerians await local cannabis stores

So far 31 stores in Alberta awarded licence to operate

Rimbey RCMP seek missing man with health concerns

Has anyone seen Bill Harris of Ponka County?

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Local Sports: Rudy Soffo valuable to Kings on the court

When Rudy Soffo first saw the RDC basketball Kings roster he was… Continue reading

Except for 1 kick, Saints, Ravens are evenly matched

BALTIMORE — In a matchup between the league’s highest-scoring offence and top-ranked… Continue reading

Julia Louis-Dreyfus gets a top award for comedy

WASHINGTON — After a 35-year acting career and with two iconic television… Continue reading

Ricky Skaggs, Dottie West enter Country Music Hall of Fame

NASHVILLE — Bluegrass and country star Ricky Skaggs, singer Dottie West and… Continue reading

AP Exclusive: Stephen Hawking’s wheelchair, thesis for sale

LONDON — Stephen Hawking was a cosmic visionary, a figure of inspiration… Continue reading

Canada deemed U.S. a safe country for asylum seekers after internal review

OTTAWA — Canadian immigration officials have determined that the United States remains… Continue reading

Bombardier sues Mitsubishi over alleged theft of aircraft trade secrets

MONTREAL — Bombardier is suing Mitsubishi Aircraft in the United States over… Continue reading

Three strong earthquakes reported in Pacific Ocean off Vancouver Island

Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean… Continue reading

Most Read