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Articles tagged with: Nortel Networks and 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
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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
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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.
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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, umts