February 16, 2011 / 10:41 AM / 7 years ago

ZTE to bid for some of bankrupt Nortel's assets

HONG KONG, Feb 16 (Reuters) - ZTE (0763.HK), China’s No. 2 telecoms equipment maker, will take part in the bid for bankrupt Nortel Network’s 4G network technology, a senior executive said on Wednesday.

“Everyone is preparing for it now,” intellectual property director Wang Haibo said in an interview. “There are some patents that we want, although not too many, but we will be looking to bid for some that include LTE.”

LTE, or long term evolution, is the path being chosen by most telecoms carriers to upgrade existing 3G data networks.

(Reporting by Huang Yuntao; Editing by Dan Lalor)

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