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Nortel could be dumping enterprise division

Posted Jun 24th 2009 12:20PM by Tom Johansmeyer (RSS feed)
Filed under: Deals, Rumors, Nortel Networks (NT), Technology

Rumor has it that Nortel Networks (OTC: NRTLQ) will sell its enterprise division in the near future.

This would be part of a broader plan to break the company apart instead of trying to restructure its way out of bankruptcy. The company is planning to sell its CDMA and LTE wireless businesses to Nokia (NYSE: NOK) for $650 million -- the first unit sale since the January bankruptcy filing.

Continue reading Nortel could be dumping enterprise division

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