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Ericsson acquires Nortel's multi-service switch business |
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Ericsson has inked an asset purchase agreement to acquire Nortel's Multi-Service Switch business (MSS) that will give it access to the latter's product portfolio and installed base in the data segment while ensuring the supply of the MSS platform for the recently acquired CDMA and GSM units.  The MSS is an important part of the CDMA ecosystem, offering the sale and support of data networks and switching platforms for core networks within the recently acquired wireless and carrier voice divisions. MSS serves a valuable need for a multiplicity of services that the backbone network provides today for our customers.Structured as an asset purchase for $65 million in cash, the announcement completes the auction process initiated by Nortel. Ericsson said the transaction is subject to court and customary regulatory approvals. |
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