Cable & Telecom

Court approves sale of Nortel’s next generation packet core network components

TORONTO – Nortel has received court approval to sell its carrier networks business associated with the development of next generation packet core network components to Hitachi Ltd. for US$10 million.The assets include software to support the transfer of data over existing wireless networks and the next generation of wireless communications technology, including relevant non-patent intellectual property, equipment and other related tangible assets, and a non-exclusive license of certain relevant patents and other intellectual property. Legacy packet core components for Nortel's GSM and UMTS businesses were excluded from the deal.The insolvent company also appointed John Ray as the principal officer of...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.