Hitachi buys Nortel's next generation packet core network components

TORONTO – Nortel Networks will sell certain of its next generation packet core network components to Hitachi Ltd. in a deal worth 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 transaction is subject to approval by the United States Bankruptcy Court and the Ontario Superior Court of Justice....