The newly merged Alcatel-Lucent SA Group has announced the completion of the acquisition of Nortel Networks Group's UMTS (3G) business for $ 320 million.
The plan to buy Nortel's 3G network was announced by Alcatel-Lucent in September 2006, and by December 31, 2006, the new transfer procedures were completed.
The agreement will help Alcatel-Lucent become one of the world's four largest UMTS network providers. There will be about 1,700 former employees of Nortel's UMTS division to work at Alcatel-Lucent, mostly a team of research and development experts.
About Nortel, the company once hoped to dominate the 3G market but was unsuccessful. After selling UMTS parts to Alcatel-Lucent, Nortel will focus on new areas: 4G mobile technologies.
4G mobile technologies that Nortel aims to include: WiMax, EV-DO (Evolution-Data Optimized) Revision C, and LTE (Long-Term Evolution). Nortel. The company will also continue to support customers using CDMA (Code Division Multiple Access) and GSM (Global System for Mobile Communications) technologies in front of the wire.
Alcatel-Lucent acquired Nortel's 3G business
The newly merged Alcatel-Lucent SA Group has announced the completion of the acquisition of Nortel Networks Group's UMTS (3G) business for $ 320 million.
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