Nortel Networks and EADS will reorganize their joint telecommunications activities in France and Germany to concentrate each company's ownership in its core businesses. Specifically, Nortel Networks will acquire the 42% ownership interest in Nortel Networks Germany GmbH & Co. KG and the 45% ownership interest in Nortel Networks France SAS, currently held by EADS. Nortel Networks will then have 100% ownership of its operations in both countries. At the same time, EADS will increase its ownership in EADS Telecom, the integrator of EADS turnkey, secure defense-related telecommunications solutions, from 59% to 100% as a result of acquiring Nortel Networks' current ownership stake in that company.
http://www.nortelnetworks.com
http://www.eads.com
- EADS is the world's second largest aerospace company, and produces. The EADS Group includes the commercial aircraft manufacturer Airbus, the helicopter supplier Eurocopter and the space company Astrium.
