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Nortel unloads portion of wireless business to Alcatel

News | 09/08/2006 4:00 am EDT

Nortel Networks Corp. is following through on a previously announced strategy to divest itself of product lines from which it won’t capture 20% market share. The one-time venerable wireless equipment company announced this month that it was selling its UMTS access business to Alcatel SA for US$320 million.

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