The Canadian Press

2009-07-28 | Nortel Ericsson Ontario

Preview Clip

Courts in Ontario and the U.S. approved the sale of Nortel Network's wireless technology division to Sweden's LM Ericsson. Ontario Finance Minister Dwight Duncan pointed out that Canadian taxpayers helped fund research that led to Nortel's creation of long-term evolution technology. He said the federal and Ontario governments should make sure the next generation of wireless technology doesn't go to a foreign company. (Ericsson won the Nortel unit when it bid 1.13 billion dollars (US) for the operation.)

Date: 2009-07-28
Placeline: WINDSOR, Ontario.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << we work together to help companies like rim and Nortel become world leaders let's not simply walk away from this and allow this technology to to go somewhere else and by the way the development jobs that go with it >>