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Articles tagged with: Nortel Networks
RIM hangs tough on bid for Nortel wireless assets
Communication industry analysts say Research In Motion is refusing to budge in its pursuit of Nortel Networks' wireless business because its key technology patents could help secure RIM's future as a mobile phone technology leader. more
Related Tags: research-in-motion, Canada
MPAM bids $725 mln for Nortel assets
A private equity firm specializing in distressed assets says it is bidding $725 million to acquire the cell phone network assets of Nortel Networks, topping a previous $650 million bid from Nokia Siemens Networks. more
Related Tags: nokia-siemens-networks, mpam-wireless, Canada
Research In Motion Accuses Nortel of Blocking Bids for its Wireless Assets
BlackBerry manufacturer, Research In Motion ("RIM") has lashed out at Nortel Networks, accusing it of deliberately blocking attempts to buy assets from the bankrupt telecoms vendor. RIM says that it sought to be qualified as a qualified bidder in Nortel's auction bidding process for the Wireless Business, but was told it could be qualified only if it promised not to submit offers for other Nortel assets for a period of one year. In seeking to impose this condition, Nortel and its advisors were allegedly aware of RIM's desire to purchase other Nortel assets. more
Related Tags: research-in-motion, long-term-evolution, nokia-siemens, Canada
Nortel Sells Enterprise Unit to Avaya for $475 Million
Nortel Networks has inked a deal to sell its phone systems business to Avaya for US$475 million. The transaction is being structured as a "stalking horse" sale, which allows counter-bids from other companies, although Nortel would have to pay a break-up fee to Avaya should a higher offer emerge. more
Nortel's US Pension Fund Taken Over by Federal Agency
Nortel pensioners in the USA had some good news after the Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension plan covering some 23,000 employees and retirees. more
Related Tags: bankruptcy, pension, USA
Nortel to sell itself off in pieces
Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company. more
Related Tags: nokia-siemens-networks, Canada
Nokia Siemens in deal to buy Nortel wireless units
Nokia Siemens Networks said Saturday it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million deal to strengthen its position in North American markets. more
Related Tags: nokia-siemens-networks
Q1 Mobile Base Station Contracts at 126, Led by Nokia Siemens Networks
Total contracts awarded within the wireless industry for Q1 reached 126, just down slightly from Q1 2008 levels according to the latest report from EJL Wireless Research. more
Related Tags: ejl-wireless-research, base-stations, cdma2000, siemens, nokia-siemens
Global Wireless Infrastructure Revenues Declined 22.4% YoY in Q1 2009
The global wireless BTS infrastructure market revenues declined by 22.4% for the first quarter of 2009 to US$9.8 billion compared with the first quarter of 2008, according to the latest report from EJL Wireless Research. more
Related Tags: alcatel-lucent, ericsson, motorola, nokia-siemens-networks, zte
Cisco Joins WiMAX Forum Board of Directors
The WiMAX Forum has announced the addition of Cisco as a new member of its board of directors. Sai Subramanian, director of marketing for the broadband wireless business unit of Cisco, will serve as Cisco’s representative on the WiMAX Forum board. Last week, the WiMAX Forum also announced that it had added Tata Communications’ COO Prateek Pashine to its board. more
Related Tags: wimax-forum, wimax, cisco, sprint, magticom, chipset, 4g