Telecom gear maker Nortel (NT), which filed for bankruptcy protection two weeks ago, is finally putting an end to one of its big wireless bets. Toronto-based Nortel (NT) is killing off its mobile WiMax business, ending a joint venture with Israel’s Alvarion.
WiMax, a super-fast mobile Internet technology, hasn’t taken off the way some of its backers had hoped, as many telcos — like AT&T (T), Verizon (VZ), and T-Mobile (DT) in the U.S. — opt for a competing technology called LTE.
And Nortel didn’t get a piece of the one big mobile WiMax buildout in the U.S. — Sprint Nextel’s (S) Xohm unit, which it recently spun into Clearwire (CLWR).
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