Articles Posted on July 27th, 2009

  • NEC India & Tata Indicom Broadband to target education and hospitality

    NEC India & Tata Indicom Broadband to target education and hospitality

    NEC India Pvt. Ltd, a wholly-owned subsidiary of NEC Asia (HQ Singapore) and NEC Corporation (HQ Japan) and Tata Indicom Broadband, India’s premier Internet Service from Tata Communications, today announced an alliance that will offer integrated solutions for education and hospitality verticals. The two companies will target a common customer base and bundle their products.

  • Ericsson to acquire majority of Nortel’s North American wireless business

    Ericsson to acquire majority of Nortel’s North American wireless business

    Ericsson 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. The purchase is structured as an asset sale at a cash purchase price of USD 1.13 b. on a cash and debt free basis. This announcement follows the completion of the auction process initiated by Nortel, and the transaction is subject to court and customary regulatory approvals.

  • Nokia to acquire cellity

    Nokia to acquire cellity

    Nokia and cellity have announced an agreement for Nokia to acquire certain assets of cellity. cellity is a privately owned mobile software company which employs 14 people in Hamburg, Germany.