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Failing at 3G, Nortel (NT Quote) sets its sights on the next generation of wireless gear.
Nortel's latest rebuilding, relaunching enterprise makeover headed by CEO Mike Zafirovski aims to cut the company's losses and potentially salvage a role in the future of wireless networks.
Acquisitive Alcatel (ALA Quote), already adding Lucent (LU Quote) to its global networking empire, agreed Friday to pay $320 million for Nortel's universal mobile telecom systems, or UMTS, unit. ...
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