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Articles tagged with: Ciena
Ciena Wins Auction for Nortel's Networking Businesses
Nortel has announced that it has completed the auction of its Optical Networking and Carrier Ethernet businesses. ciena has emerged as the winning bidder with a purchase price of US$530 million in cash plus US$239 million principal amount of convertible notes due June 2017. more
Related Tags: nortel-networks
Huawei captures the lead in $15.2B annualized optical networking market
The global optical networking (ON) market, led by strength in Asia-Pacific markets, totaled $3.6 billion in the 3rd-quarter, down 4% sequentially and down 10% compared with 3Q08, reports Ovum. more
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Ciena wins court approval for Nortel unit bid
Ciena won court approval Thursday to start bidding on Nortel Network's optical and Ethernet division with an offer valued at more than $532 million. more
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Nortel to Sell Optical Networking and Carrier Ethernet Businesses
Nortel Networks has continued its dismemberment with the announcement of a stalking horse" asset sale agreement with ciena for its Networking and Carrier Ethernet businesses. The offer, which can be trumped by another bidder is for US$390 million in cash and shares in ciena currently worth around US$131 million. more
Related Tags: nortel-networks, Canada
Clearwire Names Huawei as WiMAX Supplier
US WiMAX network operator, Clearwire says that it has appointed Huawei as its final supplier for network infrastructure. Clearwire's vendor mix includes Motorola, Samsung, Cisco, ciena and DragonWave. more
Related Tags: wimax, clearwire, huawei, base, radio, USA
Nortel's bankruptcy filing enables radical change, and not just at Nortel
Opinion piece by Dana Cooperson and Matt Walker, analysts at Ovum
On 14 January 2009, Nortel Networks moved beyond talk of divestiture and
speculation of bankruptcy, and filed for creditor protection in Canada and the
US, with Nortel UK entering administration separately under a filing managed by
Ernst & Young. The company reached this point after multiple management
regimes failed in their attempts to remake the company after the bursting of the
telecoms bubble. Nortel's move may result in a more balanced industry
structure for communications equipment.
more
Related Tags: ethernet, t-mobile, ptc, nokia, wimax, cisco, itu, lte, zte, alcatel-lucent, mts, ericsson, ovum, verizon, tellabs, t-mobile-germany, nortel, bankruptcy, lg, ran, nortel-networks, umts
Telecom Vendor Woes to Last Longer Than Previously Feared
NEW YORK -(Dow Jones)- Companies that sell networking gear to telecommunications-service providers face a tough couple of quarters. more
Related Tags: cisco, juniper-networks, sprint-nextel, verizon, tellabs, qwest, sprint, nextel, chief-financial-officer, acme-packet, qwest-communications
Ciena 3Q Net Falls 59%; Warns of Further Weak Orders
NEW YORK -(Dow Jones)- ciena Corp. warned of weaker orders for telecommunications gear in the coming quarters, sparking fear of broader weakness in technology. more
Related Tags: thomson, cisco, sprint-nextel, cisco-systems, sprint, nextel
Telecom recovery to trigger new round of IPOs and mergers
The telecom equipment market is breaking out of its prolonged slump, clearing the way for a number of potentially large initial public offerings (IPOs) and an increase in strategic industry mergers and acquisitions, according to a new report released by Heavy Reading. more
Related Tags: juniper-networks, tellabs