Nortel could be dumping enterprise division - Tom Johansmeyer

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Nortel could be dumping enterprise division
Jun 24, 2009 05:20 PM UTC

Tom Johansmeyer

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Filed under: Deals, Rumors, Nortel Networks (NT), Technology

Rumor has it that Nortel Networks (OTC: NRTLQ) will sell its enterprise division in the near future.

This would be part of a broader plan to break the company apart instead of trying to restructure its way out of bankruptcy. The company is planning to sell its CDMA and LTE wireless businesses to Nokia (NYSE: NOK) for $650 million -- the first unit sale since the January bankruptcy filing.

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Nortel could be dumping enterprise division originally appeared on BloggingStocks on Wed, 24 Jun 2009 12:20:00 EST. Please see our terms for use of feeds.

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