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No News on Nortel 4G

12:05 PM -- Anyone hoping for an update today from Nortel Networks Ltd. about the plans for its Long-Term Evolution (LTE) business will be sorely disappointed. (See Nortel 4G Plans Up in the Air.)

The Canadian vendor's third quarter results announcement was dominated by a major corporate restructuring, job cuts, and a new cost reduction program for 2009. On the conference call with analysts, CEO Mike Zafirovski said he would not comment on any "inorganic activities." So, he didn't say anything about what Nortel plans to do with its LTE business and even said very little about the divestiture of the Metro Ethernet Networks (MEN) division (See Nortel Culls 1,300 Jobs, Loses $3.4B.)

In September, Nortel said it was looking for a buyer or a partner to reduce the risk and costs involved in developing the new 4G technology. Today, Zafirovski did not update the 4G plan but pointed to the recent LTE mobile data demo with T-Mobile International AG as evidence that the vendor is doing something right with the next-gen technology. (See T-Mobile Beefs Up LTE Plans and Good News for Nortel!)

— Michelle Donegan, European Editor, Unstrung

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