Ericsson Finalizes Acquisition of Nortel's CDMA/LTE Assets
Today Ericsson said that it has completed its purchase of Nortel's CDMA and LTE wireless businesses. The acquisition includes CDMA contracts with Verizon, Sprint, U.S. Cellular, and Leap, as well as LTE assets, certain patents and patent licenses relating to CDMA and LTE. Ericsson is paying $1.13 billion for these Nortel assets. Nortel employees that worked in these business units will be folded into Ericsson's operations. The deal still needs to gain regulatory approval.
HTC One A9: First Phone To Work on Verizon Without CDMA
HTC will sell an unlocked version of its new One A9 that can be used on Verizon's LTE network, even though the phone lacks the legacy CDMA technology found in all other Verizon phones to date. That makes the One A9 the first phone announced for use with Verizon in LTE-only mode.
Apple and Ericsson Argue Over LTE Patents
Apple and Ericsson have filed legal grievances against one another regarding the value of LTE patents. A patent agreement between the two companies expired two years ago and they have failed to come to terms in signing a new one.
Apple's Patent Consortium to Sell 4,000 Patents for $900M
Rockstar Consortium, a patent-holding company headed by Apple, has agreed to sell more than 4,000 mobile patents for about $900 million. Apple and partners Microsoft, BlackBerry, Ericsson, and Sony paid $4.5 billion for more than 6,000 patents from Nortel four years ago in order to help protect against litigation.
Apple and Ericsson Sign Patent Accord, Settle Lawsuits
Apple and Ericsson have signed a patent-licensing agreement and put an end to on-going patent litigation between the two. Ericsson said the deal is broad and covers 2G, 3G, and 4G LTE technologies.
Nortel employees that worked in these business units will be folded into Ericsson's operations.