Nortel Networks Corp, the ailing telecom equipment provider, has decided to abandon its WiMax wireless technology business as it restructures in bankruptcy protection.

In a statement late on Thursday, Toronto-based Nortel said it will also end an agreement with Alvarion Ltd. Under that deal, struck last June, Nortel was to resell Alvarion’s WiMax access products and help it fund the development of the technology.

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uk.reuters.com/article/technologyNews/idUKTRE50S7GR20090129