Flextronics withdraws objections to Nortel asset sale
Flextronics, Nortel's largest supplier, had objected to the proposed sale of the assets to Nokia Siemens Networks the original stalking horse bidder for the assets, citing concerns that the sale might affect its contractual rights and claims.
CDMA, or code division multiple access, is the North American wireless technology that lost the battle for global dominance but still has a strong position in some markets. LTE (long term evolution) is a new high-speed wireless technology that is intended to replace current mobile networks.
Flextronics said it will support the proposed sale of the assets to Ericsson in U.S. and Canadian courts, according to a filing in U.S. Bankruptcy Court in Delaware.
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