Ericsson announces completion of Nortel's acquisition in North America

Ericsson completed the acquisition of Nortel's CDMA business and LTE assets in North America, and enhanced its global telecommunications equipment supplier position.

Nortel's customers will also benefit from the continued support of Nortel's installed CDMA base and the migration path to LTE.

"Separately, our two companies played leading roles in freeing voice telephony from its fixed limitations," said Hans Vestberg, Ericsson's incoming president and chief executive officer. "Together, we will do the same for broadband - make it mobile and bring the benefits of high-speed data connectivity to the majority of the world's population".

"This deal, along with our recently announced services and LTE agreements, demonstrates the importance of the North American market to Ericsson. Our strength in the region proves to our global customers that we are capable of continuing to provide the best equipment and services, in a scaleable and efficient way," said Vestberg.

"Ericsson will enjoy new access to North American CDMA customers and can better support CDMA networks that will transition to LTE, "said Ruiz.

For more details visit www.ericsson.com