TORONTO (AP) - Nokia Siemens Networks has agreed to buy the wireless operations of Canada's Nortel Networks Corp. in a $650 million (euro465 million) deal as the more than century-old Nortel looks for buyers for the rest of its assets.
The Finnish-German joint venture said Saturday it was buying the LTE and CDMA assets of Nortel, a former telecommunications equipment powerhouse that sought bankruptcy protection in January and now plans to liquidate its business. The deal is subject to court approvals.
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