Ontario is calling on the federal government to stop the transfer of the next generation of wireless technology developed by Nortel to foreign hands.
Swedish giant LM Ericsson has agreed to purchase Nortel Networks’ profitable and stable wireless business that includes LTE, or long-term evolution technology.
Ontario Finance Minister Dwight Duncan says Canadian taxpayers helped fund research that led to Nortel’s creation of LTE technology and it shouldn’t go to a foreign company.
He says Ontario strongly believes the federal government should not let this opportunity to protect Canadian technology slip through its fingers.
Duncan wants Ottawa to try to block the Nortel sale to Ericsson and to help broker a deal with Research in Motion or another Canadian firm to keep the technology and development jobs in Canada.
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