BREAKING: Nortel selling radio whole to Nokia Siemens Networks for $650 1000000

This is big. This is call up Noah and get him to build an arc big. Nokia (NYSE: NOK) Siemens Networks just purchased Nortel’s radio unit for $650 million. With 1 slide, NSN just got a large chunk of CDMA and LTE intellectual prop, spit in ZTE’s and Huawei’s faces, and walked straight into the American English infrastructure market. NSN wants to keep the jobs of up to 2,500 people from Canada, the United States, United Mexican States and China, out of roughly 30,000 citizenry sum working for Nortel globally across all units. The trade is expected to close in Q3, pending approval by the courts by the end of July. Expect to hear analysts talk a draw about this on Mon when they roll into the position.

Update: The Wall Street Journal is coverage that NSN is especially looking forward to consuming 1 of Nortel’s inquiry groups of 400 people workings on LTE.

Oh and in case you didn’t know what NSN and Nortel do: they shuffle net equipment that operators all around the worldly concern bargain and then install, at which distributor point teenagers use MMS to send naked pictures of themselves to each other, and that then turns them into child pornographers and sex offenders. Thus completes the circle of digital liveliness.