Monday, September 21, 2009

Nortel Seeks Sale of Packet Core Network Components

Nortel Networks is seeking a buyer for the assets of its Carrier Networks business associated with the development of Next Generation Packet Core network components (Packet Core Assets). The Packet Core Assets consist of software to support the transfer of data over existing wireless networks and the next generation of wireless communications technology, including relevant non-patent intellectual property, equipment and other related tangible assets. In connection with this proposed sale, NNL also expects to grant the purchaser a non-exclusive license of relevant patent intellectual property. Nortel will conduct an auction in regard to these assets.