Shake up in the Mobile Phone market
The mobile phone market has seen the some big changes recently, and they’re about to see some more. The economy has been very tough on many technology companies. Some of the largest companies in the industry have been hit hard and forced to lay off workers and report losses says the AceKard 2. Cellular infrastructure provider Nortel was forced into bankruptcy by the global economy. Nokia has announced that it has entered into an agreement with Nortel to buy the firm’s CDMA and LTE holdings. The purchase will allow Nokia to expand its infrastructure presence in North America. Nokia says that the purchase will cost it $650 million.
