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Nokia Siemens Makes Bid for Nortel Unit

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Apr 7, 2009, 6:33 PM   by Eric M. Zeman   @phonescooper

The Wall Street Journal is reporting that Nokia Siemens Networks has made an offer to buy large segments of Nortel's wireless networking and research units. The Journal, citing sources familiar with the matter, says that Nokia is interested in the Long Term Evolution technologies developed by Nortel. Nortel, which is in bankruptcy protection, is actively looking to sell off assets, including pieces of its business.

more info at Wall Street Journal »

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