Ericsson Wins Nortel's GSM Business
Ericsson was the successful bidder in the auction for Nortel's North American GSM/GSM-R businesses. Ericsson will pay about $70 million for the business units, though Kapsch CarrierCom of Austria will contribute $33 million and acquire Nortel's non-North American GSM assets. The agreement will give Ericsson Nortel's GSM network contracts with AT&T and T-Mobile. Ericsson will add approximately 350 employees from Nortel to its head count. Earlier this year, Ericsson acquired Nortel's CDMA and LTE assets.
Ericsson to Dump Mobile Modem Biz
Ericsson today said it will cease to make wireless modems for mobile devices and cut about 1,000 jobs as a result. Ericsson cited fierce competition in the space as playing a role in its decision.
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.
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.
ITC to Investigate Ericsson's Patent Claims Against Apple
The U.S. International Trade Commission agreed to examine Ericsson's claims that Apple is violating its wireless patents.