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Article: Nortel and Ericsson Amend Asset Sale Agreement To Provide For Closing Date Extension.
- Article from:
- M2 Presswire
- Article date:
- November 2, 2009
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M2 PRESSWIRE-2 November 2009-Nortel: Nortel and Ericsson Amend Asset Sale Agreement To Provide For Closing Date Extension(C)1994-2009 M2 COMMUNICATIONS
RDATE:30102009
TORONTO - Nortel* Networks Corporation [OTC: NRTLQ] announced today that it, together with its principal operating subsidiary Nortel Networks Limited and Nortel Networks Inc., entered into an amendment of its previously announced asset sale agreement with Telefonaktiebolaget LM Ericsson ("Ericsson") regarding the sale of substantially all of Nortel's CDMA business and LTE Access assets.
Under the amendment, Nortel and Ericsson have extended to November 30, 2009 the date by which ...