Ericsson Canada Inc. recently spoke in front of the House of Commons Standing Committee on Industry, Scie...
August 12, 2009
Ericsson Canada Inc. recently spoke in front of the House of Commons Standing Committee on Industry, Science and Technology explaining how the company’s acquisition of Nortel Networks Corp.’s assets will strengthen the firm’s commitment to Canada and help keep Canadians at the forefront of global advanced wireless research and development.
“We have helped build much of Canada’s vital telecommunications infrastructure and our employees have been integral to that success,” said Mark Henderson, president and CEO of Ericsson Canada.
The company said in a release that it is licensing, not purchasing, LTE patents from Nortel on a non-exclusive basis. Nortel, it added, will remain the owner of its LTE patents, and will be free to license or sell them to other companies should it choose to do so.
“Ericsson will employ approximately 800 Nortel employees in Canada who work in its CDMA and LTE businesses,” said Henderson. “These individuals will receive substantively the same pay and benefits, and will be based in the same locations. Ericsson does not anticipate major changes in the day-to-day work of the employees.”