Ericsson acquires Nortel unit for $ 1.13 billion

As it became known recently, company Ericsson has agreed to purchase units of Nortel Networks, which specializes in the production of wireless equipment. How much - $ 1.13 billion, which Ericsson has managed to circumvent such competitors as Nokia Siemens Networks and MatlinPatterson Global Advisers LLC. Now you need to wait for the approval of the transaction by the American and Canadian courts in cases of bankruptcy.

According to analysts, Ericsson has done really good purchase, buying a profitable unit of Nortel in a very small amount. The transaction will increase the market share of telecommunications equipment in North America at 30%, and in the world market - 5% in the next 2-5 years.

Representatives of Nokia Siemens Networks regrets the loss of the transaction. Also, an interest in the office showed company Nortel RIM.