Alcatel Intends to Acquire Nortel’s UMTS Radio Access Business to Strengthen its Leadership Position in UMTS
Set to Become a Strong Number 3 in UMTS and HSxPA
Alcatel announced today that it has signed a non-binding Memorandum of Understanding with Nortel to acquire its UMTS radio access business (UTRAN) and related assets for US $320 million. This is a key step in Alcatel’s strategy to further strengthen its UMTS market position, and thus expand its global leadership in broadband access.
why this news is of importance to me??? Right now Iam working for Nortel’s UMTS. Then??
survive – mergers and aquisitions