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Market Wire (Free subscription) | 6 hours ago
TORONTO, ONTARIO (MARKET WIRE) Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited (in administration), and Nortel Networks SA (NNSA) have concluded a successful auction of substantially all of the global assets of Nortel's...
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Maximum PC all RSS Feed (Free subscription) | yesterday
Network specialist Nortel announced on Monday that it has been selected as the high bidder in the auction of nearly all of the optical networking and carrier Ethernet assets of Nortel's Metro Ethernet Networks (MEN) business. Under terms of the deal, Ciena will pay $530 million in cash and issue $239 million in aggregate principal amount of 6 percent Senior Convertible notes due in 2017. All tallied,...
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Market Watch (Free subscription) | 6 hours ago
TEL AVIV (MarketWatch) -- Nortel Networks Corp., the Toronto telecom-equipment producer, said that after an auction, Ericsson and Kapsch CarrierCom would buy its GSM/GSM-R business for $103 million cash. Ericsson is the Stockholm telecom-equipment producer; Kapsch is the Vienna provider of services and solutions for telecom providers and carriers. Ericsson will buy Nortel's assets of the North American...
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Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Tuesday lowered Ciena Corp.'s corporate credit rating to B from B+ and kept it on CreditWatch with negative implications, indicating that there could be additional downgrades in the future. The move follows an announcement that Ciena will buy Nortel Networks' metro ethernet business for $769 million. "The rating action reflects...
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Cnet (Free subscription) | yesterday
Nortel Networks will sell another piece of its business for $769 million as part of its bankruptcy proceedings, which require it to dismantle its business.
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newsletter archive (Free subscription) | yesterday
100G Ethernet cheat sheet; Ciena will pay $769M for Nortel's metro Ethernet business Network Architecture Alert NetworkWorld.com | Update Your Profile | Forward this to a Friend > > > Sponsored by Data Domain VMware Data Backup and Recovery Best Practices VMware offers extraordinary benefits, but it can come at the cost of extra storage, backup resources and administrative challenges. Data...
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newsletter archive (Free subscription) | yesterday
Hurricane Electric's IPv6 network doubles; Ciena will pay $769M for Nortel's metro Ethernet business Wide Area Networking Alert NetworkWorld.com | Update Your Profile | Forward this to a Friend > > > Sponsored by Sybase Achieve Data Warehousing Performance with a Column-Oriented Database The growing demand for deep-dive data mining, complex event processing and strategic business analytics...
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Mobile Tech Today (Free subscription) | yesterday
Ciena Corp. and Nortel Networks Corp. said Monday that Nortel has sold its global optical networking and carrier ethernet businesses to Ciena for $769 in cash and debt. Nortel, a maker of telecom equipment in bankruptcy, said Ciena prevailed in an auction and will pay $530 million in cash and $239 million in convertible notes due June 2017. Ciena's purchase includes all products, contracts, patent...
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Nortel News Releases (Free subscription) | yesterday
Nortel Networks Corporation announced that, as an update to its previous announcement regarding the timing of the auction date for the sale of its GSM/GSM-R business, the auction will be held on Tuesday, November 24, 2009.
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Ria Novosti (Free subscription) | yesterday
Major European operators T-Mobile International, Orange and Vodafone Group, as well as mobile phone producers Alcatel-Lucent, Nokia Siemens Networks, Nortel Networks and Ericsson plan to launch the first 4G networks in Europe. Russian mobile operators are ready to launch 4G networks using LTE (long term evolution) technology within five years.
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DealBook (Free subscription) | yesterday
Ciena agreed to buy the optical networking and ethernet equipment businesses of bankrupt Nortel Networks for $769 million after trumping a bid from Nokia Siemens Networks.
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Washington Post (Free subscription) | 11/24/2009
Linthicum-based Ciena announced Monday that it has won a bid to buy a major piece of bankrupt Canadian tech firm Nortel Networks.
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Boston Globe (Free subscription) | 11/24/2009
Purchase of Nortel assets will make it North America's largest fiber-optic networking gear provider In an acquisition that will double its size, Ciena Corp. said Monday that it will buy the optical-networking assets of Nortel Networks Corp. for $769 million.
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SeekingAlpha.com (Free subscription) | 11/23/2009
Market Blog submits: By David Parkinson I can't help but wonder what's safer: Shaking hands on a deal involving Nortel Networks ( NRTLQ.PK ), or shaking hands with an H1N1 patient who just sneezed into his palm? Complete Story »
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The Industry Standard (Free subscription) | 11/23/2009
Nortel Networks Corp. has agreed to sell its metropolitan Ethernet and optical networking units to Ciena Corp. for $769 million, $248 million more than its initial offer announced Oct. 7. Ciena plans to offer jobs to at least 2,000 Nortel employees, about 1,400 of whom would be based in Canada. Nortel has 2,300 employees in those units, said James Frodsham, Ciena's senior vice-president of corporate...
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bharatbook | 11/19/2009
This Report covers companies active in the telecommunications industry. The Report analyses accounts filed in the three years up to 7 November 2007. Accounts with year ends falling in the 12 months up to 7 November 2007 are assigned to the third analysis period, with earlier accounts assigned to previous periods. The companies included in the Report are: ( http://www.bharatbook.com/detail.asp?id=114834&rt=The-Telecommunications-Industry-Business-Ratio.html
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dhall987 | 04/13/2009
It’s rumor-mill time again, and when it concerns Chapter 11 casualty Nortel Networks, it seems everyone is jumping on board. Exhibit A is an April 7 Wall Street Journal report alleging that Nokia Siemens Networks (NSN), the number two telecom vendor in worldwide sales, is in talks to acquire several key properties of the beleaguered equipment titan, according to “people familiar with the matter...(read
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dhall987 | 02/25/2009
Says goodbye to former Alteon Layer 4-7 assets as divestiture continues Nortel Networks has made the first of what is likely to be many divestitures of once-strategic, now-expendable technology assets in order to right its balance sheet while in Chapter 11...(read more)
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