Ericsson will acquire acquire Nortel's CDMA and LTE assets in North America in a deal valued at US$1.13 billion in cash. Ericsson's bid prevailed in the auction process initiated by Nortel. The deal is subject to approval by the United States and Canadian Bankruptcy Courts and the satisfaction of regulatory and other conditions.The agreement includes important CDMA contracts with North American operators such as Verizon, Sprint, U.S. Cellular,...
