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Articles tagged with: Nortel
Nortel Gets Permission to Pay $45 Million in Staff Bonuses
nortel Networks has received authorisation from the Canadian and US Bankruptcy courts to pay bonuses of US$45 million to its staff and managers. Eight of the executives will share up to US$7.3 million between them, as part of an overall US$23 million bonus program for 92 senior managers. A further US$22 million has been earmarked for 880 key employees. more
Related Tags: ptc, eu, iden, bankruptcy, mike-zafirovski, hawaiian-telcom, lawyer, Canada
RIM Looking to Hire Thousands of New Staff in 2009
BlackBerry maker Research in Motion (RIM) is reported to be bucking the general economic trend and is seeking to hire several thousand new employees this year - scooping up available talent as people are laid off at other firms. more
Related Tags: ptc, nokia, iphone, apple, wind, bankruptcy, gartner, rim, research-in-motion, nortel-networks, Canada
Nortel Considering Break-Up of the Company
Canada's nortel Networks, which is currently working through a restructuring may seek to break itself up rather than emerge from bankruptcy protection as a whole company. Citing people close to the issue, the Wall Street Journal said that the firm is in talks to sell it component divisions to two of its main rival. more
Related Tags: ptc, nokia, wall-street-journal, bankruptcy, nokia-siemens-networks, siemens, nokia-siemens, Canada
Voice over LTE Initiative Launched
A group of leaders in the wireless industry comprised of Alcatel-Lucent, Ericsson, Huawei, Kineto Wireless, LG Electronics, Motorola, nortel, Samsung, Starent Networks, T-Mobile and ZTE have announced a joint effort, referred to as the Voice over LTE via Generic Access (VoLGA) Forum. The joint effort aims to define a set of specifications within the forum for enabling delivery of voice services over LTE access networks based on the current 3GPP Generic Access Network (GAN) standard. more
Related Tags: t-mobile, 3g, samsung, motorola, huawei, starent-networks, lte, zte, alcatel-lucent, mts, ericsson, lg, 3gpp, volga, voice-over-lte
Record year for GSM rollouts, more to come with 3G buildouts in China, India
Market research firm Infonetics Research released the fourth quarteredition of its Mobile Infrastructure and Subscribers report and noted that the worldwide mobile network infrastructure equipment market grew 6% to US$50.8 billion in 2008 over 2007, and will continue to grow in 2009 and 2010. more
Related Tags: 3g, nokia, huawei, alcatel-lucent, ericsson, ran, infonetics-research, fmc, gsm, siemens, nokia-siemens, China
Telecom Equipment Market Expected to Suffer a Sharp Downturn in 2009
The global telecommunications equipment market grew by close to 5% in 2008: a moderate rate of growth that involved a shift in the contribution made by handset components and infrastructure hardware reports IDATE. From a geographical standpoint, Asia was the prime source of growth - specifically China and India - which accounts for two-thirds of the increase in sales worldwide, while representing only just over 40% of the total market (and China and India combined accounting for less than 20%). more
Related Tags: ptc, 3g, nokia, motorola, eu, cisco, ict, itu, huawei, zte, ericsson, bankruptcy, seven, idate, siemens, alcatel-lucent, nokia-siemens, chipset, alcatel
Despite the Naysayers WiMAX Subscriber Revenue Will Boom in 2009
Any reader who believed all the recent headlines would feel confident that the WiMAX market is being crushed by LTE. nortel has left the WiMAX market and Alcatel-Lucent has "backed off" from WiMAX; and these developments supposedly dealt a blow to Clearwire, which had so far chosen neither as an infrastructure vendor. But that's not quite the whole story. more
Related Tags: base-station, intel, samsung, wimax, mobile-wimax, motorola, clearwire, lte, abi-research, wimax-forum, alcatel-lucent, base-stations, wimax,, wireless-broadband
Nortel Networks Reports $2.14 Billion Loss for Q4
nortel Networks has reported a net loss of US$2.14 billion in the fourth quarter, compared with a net loss of $844 million a year earlier as the firm struggles to restructure itself in bankruptcy protection. The losses includes a reduction of the deferred tax asset of US$951 million, a write-down of $1.2 billion, special charges of US$97 million for restructurings and a loss of US$46 million due to currency fluctuations. more
Related Tags: ptc, bankruptcy, nortel-networks, tax, Canada
Mobile WiMAX market up 5% in 4Q08; Cisco, Huawei begin challenging market leaders
Communications market research firm Infonetics Research released the fourth quarter edition of its WiMAX report this week, noting that the overall WiMAX equipment and device market held steady in 4Q08 over 3Q08 at $275 million, as the 802.16e mobile WiMAX segment increased 5% to counter a slight dip in the 802.16d fixed WiMAX segment. more
Related Tags: samsung, wimax, mobile-wimax, motorola, cisco, cisco, edge, huawei, lte, alcatel-lucent, infonetics-research, 802.16e, alvarion, wimax,
Nortel Cuts A Further 3,200 Jobs - Cancels 2008 Bonuses
nortel has announced it intends to reduce its global workforce by an additional net 3,200 positions over the next few months. These new reductions are incremental to the 1,800 remaining reductions from previously announced plans that require completion. more
Related Tags: ptc, ict, bankruptcy, personal