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Electronics Production | June 20, 2009

Nokia buys bankrupt Nortel

Finland based telecom giant buys out the assets from Bankrupt telecom maker Nortel for 650 million US Dollar.

Nortel with 90.000 employees went bankrupt in January. The company is now downscaled to 30.000 employees. Through Nokia will increase its precense on the North American market as well as within the LTE technology.
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