Nortel Abandons Mobile WiMAX but Moves Forward with LTE

Maureen · Site Admin Joined: 20 Aug 2008 Posts: 200

Is this a bad sign for WiMAX or just a company trying to stay afloat in tough economic times?

Nortel Ditches WiMAX Plans in Favor of LTE

xchpstang · Posted: Sat Jan 31, 2009 8:27 pm Post subject:

It certainly makes Wimax look like it's on shaky ground but once you read past the "Everyone including God is going with LTE" hype you realize that the impact from this particular should be minimal considering Nortel is teetering on bankruptcy regardless of what technology they are backing.

Maureen · Site Admin Joined: 20 Aug 2008 Posts: 200

Very true. The bottom line is that Nortel itself is in VERY bad financial shape, and the world economy overall is not helping them. For the time being, I'm willing to chalk this up to yet another unfortunate side effect to the down economy.