Nortel ends mobile WiMAX agreement, exits business
Nortel this week announced that it has decided to discontinue its mobile WiMAX business and end its joint agreement with Alvarion.
Nortel and Alvarion entered into their arrangement in June when Nortel decided to end mobile WiMAX product development in favor of LTE. Nortel will now exit mobile WiMAX entirely. The move comes as Nortel attempts to restructure after filing for Chapter 11 bankruptcy protection from creditors.
Nortel says the decision will allow it to narrow its focus, better manage its investments and strengthen its broader carrier business to better position itself for long-term competitiveness.
