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Nortel closes sale of shares to Ericsson

Briefs | 06/30/2010 7:15 pm EDT

Nortel Networks Corp. announced Tuesday that Nortel Networks Ltd., its principal operating subsidiary, has completed the sale of its 50 per cent plus one share interest in LG-Nortel Co. Ltd. to Telefonaktiebolaget LM Ericsson for $242 million US.

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