2009 has seen the end of Nortel (formely Canada's Northern Electric, who manufactured Canada's first gramaphones in 1900), which filed for bankruptcy protection in January.
Ericsson is now paying $1.13bn for Nortel's assets. The auction of its CDMA business and LTE (Long Term Evolution) Access assets was concluded on July 25th 2009. Some dubiety still exists over its Metro Ethernet Networks business, described as one of Nortel's "crown jewels".
Where did Nortel go wrong? What mistakes were made in Nortel's strategy/execution?
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